Latest reading: Inflation came in at 3.3% in June, down from May’s 3.5%. June’s result represented the weakest inflation rate...
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 |
Consumer prices are unchanged in June
Latest reading: Consumer prices were flat year on year in June, contrasting May’s 0.1% year-on-year decline and market expectations for a drop. Price pressures in Switzerland are among the world’s lowest, thanks to the country’s ingrained low inflation expectations and limited wage growth. Annual average inflation fell to 0.5% in June (May: 0.6%). Meanwhile, core inflation ticked up to 0.6% in June from the previous month's 0.5%. Lastly, consumer prices rose 0.18% from the previous month in June, following the 0.14% rise seen in May. June's result marked the highest reading since February.
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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