Inflation in Switzerland
Consumer price inflation in Switzerland averaged 0.6% 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 2025 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 |
Inflation stabilizes in September from the prior month
Latest reading: Consumer prices rose 0.2% in annual terms in September, unchanged from the previous month's reading but below market expectations. Relative to the previous month's figures, there were higher price pressures for housing and energy (+0.7% on a year-on-year basis vs +0.6% in August) and transportation (-1.5% vs -2.4% in August). In contrast, there were milder price pressures for food and non-alcoholic beverages (-0.8% vs -0.5% in August) and restaurants and hotels (+1.3% vs +1.8% in August). Meanwhile, core consumer prices rose 0.7% on a year-on-year basis in September, unchanged from the previous month's reading. Finally, consumer prices fell 0.22% in September in month-on-month terms, following a 0.08% fall in the prior month.
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 35 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
-
Canada: Inflation rises in September from August Latest reading: Consumer prices increased 2.4% in annual terms in September, following a 1.9% increase in the prior month. September’s... -
Israel: Inflation decelerates in September from August Latest reading: Consumer prices rose 2.5% in annual terms in September, following a 2.9% rise in the previous month and... -
New Zealand: Inflation ticks up in Q3 Latest reading: Inflation rose to 3.0% in Q3 2025 from 2.7% in Q2, in line with market expectations and hitting... -
Greece: Inflation slows in September from August Latest reading: Harmonized consumer prices rose 1.8% in annual terms in September, following a 3.1% rise in the previous month.... -
Cyprus: Consumer prices remain unchanged in September compared to a year earlier Latest reading: Harmonized consumer prices were stable in annual terms in September, following a flat reading in the prior month.... -
Latvia: Inflation stabilizes in September from August Latest reading: Harmonized consumer prices increased 4.2% in annual terms in September, unchanged from the previous month’s reading and among... -
Qatar: Inflation accelerates in September from the prior month Latest reading: Consumer prices increased 1.1% on a year-on-year basis in September, following a 0.7% increase in the previous month....