Latest reading: Consumer prices increased 7.1% in annual terms in September, following a 7.2% increase in the prior month. Relative...
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 2025 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 muted in August
Latest reading: Inflation came in at 0.2% in August, unchanged from July and one of the world’s lowest readings. In August, prices rose for clothing and housing, and fell for food plus transport. The trend was unchanged, with annual average inflation coming in at July's 0.4% in August. Meanwhile, core inflation fell to 0.7% in August from the previous month's 0.8%. Lastly, consumer prices fell 0.08% in August over the previous month, a sharper drop than July's 0.04% fall. August's result marked the weakest reading since November 2024.
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 36 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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