Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and...
Inflation in Switzerland
Consumer price inflation in Switzerland averaged -0% in the ten years to 2024, in line with the regional average of %. The 2024 average figure was 1.1%. For more information on inflation, visit our dedicated page
Switzerland Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Switzerland from 2014 to 2024.
Source: Macrobond.
Switzerland Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -0.7 | 0.6 | 2.8 | 2.1 | 1.1 |
| Inflation (CPI, ann. var. %, eop) | -0.8 | 1.5 | 2.8 | 1.7 | 0.6 |
Consumer prices record first annual decline since March 2021 in May
Latest reading: Consumer prices fell 0.1% year-on-year in May, swinging from April’s flat reading. May's result represented the first such fall in consumer prices since March 2021. Prices declined for a range of goods and services, including food, transport and clothing. Annual average inflation fell to 0.6% in May (April: 0.7%). Meanwhile, core inflation edged down to 0.5% in May from April’s 0.6%. Lastly, consumer prices increased 0.14% in May over the previous month, picking up from April's 0.01% rise.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swiss inflation projections for the next ten years from a panel of 37 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Swiss inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swiss inflation projections.
Want to get access to the full dataset of Swiss inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Hong Kong: Inflation moderates in May -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central... -
Japan: Inflation declines to lowest level since November 2024 in May Latest reading: Inflation ticked down to 3.5% in May, from April’s 3.6%. May’s reading marked the weakest inflation rate since... -
Lithuania: Harmonized inflation dips in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May’s figure represented the weakest inflation... -
Netherlands: Harmonized inflation falls in May Latest reading: Harmonized inflation came in at 2.9% in May, which was down from April’s 4.1%. May’s reading represented the... -
Estonia: Harmonized inflation rises in May Latest reading: Harmonized inflation increased to 4.6% in May, following April’s 4.4%. The reading was driven by stronger price pressures... -
Austria: Harmonized inflation falls to lowest level since December 2024 in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.3%. May’s reading represented the lowest inflation...