Inflation in Switzerland
Switzerland - Inflation
Inflation weakens in December
Consumer prices fell 0.3% over the prior month in December, matching the decline logged in November. December’s drop was primarily driven by lower prices for housing and energy, and transport, but was partially offset by higher prices for clothing and footwear.
Inflation softened to 0.7% in December from 0.9% in November. Meanwhile, annual average inflation came in at 0.9% in 2018, up from 0.5% in 2017.
Switzerland Inflation Forecast
Panelists polled by FocusEconomics expect inflation to average 0.9% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect inflation to average 1.0%.
Switzerland - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.2||0.0||-1.1||-0.4||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Inflation Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
|Bond Yield||-0.23||6.27 %||Jan 16|
|Exchange Rate||0.99||-0.54 %||Jan 16|
|Stock Market||8,874||-0.82 %||Jan 16|
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January 9, 2019
Consumer prices fell 0.3% over the prior month in December, matching the decline logged in November.
January 8, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.5% over the same month a year prior in November, following the upwardly revised 1.0% increase registered in October (previously reported: +0.8% year-on-year).
January 7, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch inched up to 57.8 points in December from 57.7 points in November.
December 28, 2018
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—fell to 96.3 points in December from a downwardly revised 98.9 points in November (previously reported: 99.1 points).
December 13, 2018
At its meeting on 13 December, the Swiss National Bank (SNB) maintained the target range for the three-month Libor at between minus 1.25% and 0.25%, where it has been since January 2015.