Inflation in Switzerland
Switzerland - Inflation
Inflation holds steady in December
Consumer prices dropped 0.10% from the previous month in December, contrasting the 0.04% rise recorded in November. December's result marked the sharpest fall in prices since November 2020. The decline was broad-based, with lower price pressures recorded for housing and energy, healthcare, and transportation.
Inflation was stable at 1.5% in December. While high by recent Swiss standards, the reading was still very mild in the broader European context, and in line with the Central Bank’s target of keeping inflation below 2%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.6% in December (November: 0.4%).
FocusEconomics Consensus Forecast panelists expect consumer prices to rise 0.8% on average in 2022, which is up 0.1 percentage points from the previous month. For 2023, panelists pencil in average inflation of 0.6%.
Switzerland - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-1.1||-0.4||0.5||0.9||0.4|
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||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
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January 7, 2022
Retail sales expanded 5.8% year-on-year in calendar-adjusted terms in November, which was above October's 2.2% increase.
January 4, 2022
Consumer prices dropped 0.10% from the previous month in December, contrasting the 0.04% rise recorded in November.
January 3, 2022
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) rose to 62.7 in December from November's 62.5.
Switzerland: KOF Economic Barometer records worst reading since February in December, but remains fairly upbeat
December 31, 2021
The KOF Economic Barometer came in at 107.0 in December, down from November's 107.5.
December 16, 2021
At its meeting on 16 December, the Swiss National Bank (SNB) left its policy rate and the interest rate on sight deposits at minus 0.75%—the world’s lowest.