Inflation in Switzerland
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 |
Switzerland Inflation Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
Switzerland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.51 | 6.27 % | Jan 01 |
| Exchange Rate | 0.97 | -0.54 % | Jan 01 |
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Economic News
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Switzerland: Consumer prices decline on an annual basis in June
July 2, 2020
Consumer prices were virtually unchanged, increasing 0.02% from the previous month in June, which was below the 0.04% increase recorded in May.
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Switzerland: Manufacturing PMI inches down and Services PMI rebounds strongly in June
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch fell marginally to 41.9 in June from 42.1 in May.
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Switzerland: Economic sentiment picks up in June
June 30, 2020
The KOF economic barometer—a leading composite indicator for the Swiss economy—rose to 59.4 points in June from the record low of 46.6 recorded in May.
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Switzerland: Retail sales rebound in May
June 30, 2020
Retail sales grew 6.6% in May in annual terms (April: -18.8% year-on-year).
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Switzerland: SNB leaves ultra-loose monetary policy in place in June
June 18, 2020
At its meeting on 18 June, the Swiss National Bank (SNB) left its policy rate and the interest rate on sight deposits at minus 0.75%, as widely expected by market analysts.
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