Inflation in Switzerland

Switzerland Inflation | Economic News & Forecasts

Switzerland - Inflation

Consumer prices decline on an annual basis in June

Consumer prices were virtually unchanged, increasing 0.02% from the previous month in June, which was below the 0.04% increase recorded in May. Looking at the details of the release, prices for food and non-alcoholic beverages goods gained steam, driving the overall increase. Contrastingly, transportation prices fell at a quicker pace in June compared to the previous month and price pressures for healthcare dropped.

Consumer prices dropped 1.3% year-on-year in June, matching the fall recorded in May and clocking the fifth consecutive month of decline in prices. The annual average variation of consumer prices edged down to minus 0.3% in June (May: -0.1%).

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.6% in 2020, which is unchanged from last month’s forecast. For 2021, panelists pencil in average inflation of 0.2%.

Switzerland - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-1.1  -0.4  0.5  0.9  0.4  

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Switzerland Inflation Chart

Switzerland Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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