Consumer prices in Switzerland rose by 0.6% year-on-year in May 2026, falling short of market expectations for a 0.8% gain but the same pace as in the previous month. The latest reading remained the fastest rise since December 2024, largely driven by higher costs for housing and energy (at 1.5%) and transport (2% vs 1.2% in April). Prices also increased for education (at 2.6%), restaurant and hotels (1% vs 0.3%), and insurance and financial services (2.1% vs 1.2%). In contrast, costs declined for food and non-alcoholic beverages (-1.2% vs -0.8%), clothing and footwear (-1.2% vs 0.2%), and household goods and services (-1.3% vs -2.2%), while inflation softened for recreation, sport and culture (1.2% vs 2%). Monthly, the CPI went up by 0.2% in May, slightly below forecasts and April’s 0.3% gain. Annual core inflation, which excludes volatile items such as unprocessed food and energy, increased by 0.3%, the same with the prior period’s pace and still the softest rise since July 2021. source: Swiss Federal Statistical Office

Inflation Rate in Switzerland remained unchanged at 0.60 percent in May. Inflation Rate in Switzerland averaged 2.24 percent from 1956 until 2026, reaching an all time high of 11.90 percent in December of 1973 and a record low of -1.40 percent in June of 1959. This page provides - Switzerland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Inflation Rate in Switzerland remained unchanged at 0.60 percent in May. Inflation Rate in Switzerland is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Inflation Rate is projected to trend around 1.00 percent in 2027 and 1.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-05 06:30 AM
Inflation Rate YoY
Apr 0.6% 0.3% 0.8%
2026-06-04 06:30 AM
Inflation Rate YoY
May 0.6% 0.6% 0.8% 0.8%
2026-07-02 06:30 AM
Inflation Rate YoY
Jun 0.6% 0.7%



Components Last Previous Unit Reference
Food Inflation -1.20 -0.80 percent May 2026

Related Last Previous Unit Reference
CPI 101.30 101.10 points May 2026
Core Consumer Prices 100.40 100.30 points May 2026
Core Inflation Rate 0.30 0.30 percent May 2026
CPI Education 100.00 100.00 points May 2026
CPI Housing Utilities 101.20 100.90 points May 2026
CPI Transportation 104.00 104.00 points May 2026
Export Prices 99.60 99.50 points Apr 2026
Inflation Rate YoY 0.60 0.60 percent May 2026
Inflation Rate MoM 0.20 0.30 percent May 2026
Producer Prices 99.60 99.40 points Apr 2026
Producer & Import Prices YoY -2.00 -2.70 percent Apr 2026


Switzerland Inflation Rate
In Switzerland, the most important categories in the Consumer Price Index are: Housing & Energy (27%) and Healthcare (17%). Food & Non-alcoholic Beverages account for 13%; Transport for 11%; Recreation & Culture for 7%; Miscellaneous Goods & Services for 6%; Restaurants & Hotels for 6%. The index also includes: Households Goods & Services (5%), Alcoholic Beverages & Tobacco (3%), Communications (3%), Clothing & Footwear (3%), and Education (1%).
Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 11.90 -1.40 1956 - 2026 percent Monthly

News Stream
Swiss CPI Rises Less Than Expected
Consumer prices in Switzerland rose by 0.6% year-on-year in May 2026, falling short of market expectations for a 0.8% gain but the same pace as in the previous month. The latest reading remained the fastest rise since December 2024, largely driven by higher costs for housing and energy (at 1.5%) and transport (2% vs 1.2% in April). Prices also increased for education (at 2.6%), restaurant and hotels (1% vs 0.3%), and insurance and financial services (2.1% vs 1.2%). In contrast, costs declined for food and non-alcoholic beverages (-1.2% vs -0.8%), clothing and footwear (-1.2% vs 0.2%), and household goods and services (-1.3% vs -2.2%), while inflation softened for recreation, sport and culture (1.2% vs 2%). Monthly, the CPI went up by 0.2% in May, slightly below forecasts and April’s 0.3% gain. Annual core inflation, which excludes volatile items such as unprocessed food and energy, increased by 0.3%, the same with the prior period’s pace and still the softest rise since July 2021.
2026-06-04
Swiss Inflation Hits 16-Month High
Consumer prices in Switzerland increased by 0.6% year-on-year in April 2026, accelerating from a 0.3% rise in the previous month. It is the highest reading since December 2024, mainly driven by higher costs for housing and energy (1.5% vs 1.3% in March), recreation, sport, and culture (2.0% vs 1.1%), and restaurants and hotels (0.3% vs 0.2%), while prices rebounded in clothing and footwear (0.2% vs -0.7%) and transport (1.2% vs -0.8%), and insurance and financial services remained steady at 1.2%. In contrast, prices fell for food and non-alcoholic beverages (-0.8% vs -0.5%), health (-0.2% vs -0.2%), and other goods and services (-0.1% vs 0.8%). On a monthly basis, the CPI rose by 0.3%, below expectations of a 0.4% increase but accelerating from March’s 0.2% gain. Annual core inflation, which excludes volatile items such as unprocessed food and energy, rose 0.3% after increasing 0.4% in March, marking the softest increase since July 2021.
2026-05-05
Swiss Inflation Hits 1-Year High
Consumer prices in Switzerland rose by 0.3% year-on-year in March 2026, below market forecasts of a 0.5% increase but accelerating from a 0.1% gain in the previous month. The latest figures marked the highest reading since March 2025, mainly driven by higher costs for housing and energy (1.3% vs 0.7% in February), recreation, sport, and culture (1.1% vs 1.2%), and other goods and services (0.8% vs 0.2%). At the same time, prices declined less for clothing and footwear (-0.7% vs -1.2%) and transport (-0.8% vs -1.8%). On the other hand, costs decreased further for food and non-alcoholic beverages (-0.5% vs -0.3%), while inflation softened for restaurants and hotels (0.2% vs 0.9%). Monthly, the CPI went up by 0.2%, less than the expected 0.5% increase and easing from February's 0.6% gain. Annual core inflation, which excludes volatile items such as unprocessed food and energy, stood at 0.4%, unchanged from the preceding period.
2026-04-02