Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
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 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 |
Inflation remains minimal in July
Latest reading: Inflation inched up to 0.2% in July, slightly above June’s 0.1% and market expectations of 0.1%. Prices rose in restaurants and hotels, clothing and footwear, housing and energy, communication, and recreation and culture. In contrast, they fell for food, transport, furnishing, and healthcare. Annual average inflation fell to 0.4% in July (June: 0.5%). Meanwhile, core inflation ticked up to 0.8% in July from the previous month's 0.6%. Finally, consumer prices fell 0.04% over the previous month in July, swinging from the 0.18% rise recorded in June. July's result marked the weakest reading since January.
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.
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