The annual inflation rate in Switzerland rose to 1.1 percent in October of 2018 from 1.0 percent in the previous month and in line with market expectations. Prices increased faster mainly due to cost of food and non-alcoholic beverages and housing and energy. Inflation Rate in Switzerland averaged 2.41 percent from 1956 until 2018, reaching an all time high of 11.92 percent in December of 1973 and a record low of -1.40 percent in August of 2015.

Switzerland Inflation Rate
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Swiss Annual Inflation Rate Rises to 1.1% in October


The annual inflation rate in Switzerland rose to 1.1 percent in October of 2018 from 1.0 percent in the previous month and in line with market expectations. Prices increased faster mainly due to cost of food and non-alcoholic beverages and housing and energy.

Year-on-year, prices advanced further for food and non-alcoholic beverages (1.7 percent compared to 1.5 percent in September); housing and electricity (1.6 percent compared to 1.3 percent); transport (3.4 percent compared to 3.1 percent); recreation and culture (1.6 percent compared to 1.4 percent) and alcoholic beverages and tobacco (1.7 percent compared to 0.7 percent). Also, cost of household equipment and maintenance rebounded (0.4 percent compared to -0.1 percent). 

On the other hand, prices eased for restaurant and hotels (0.7 percent compared to 0.8 percent); miscellaneous goods and services (0.1 percent compared to 0.3 percent) and communication (0.4 percent compared to 0.7 percent). Additonally, cost dropped for clothing and footwear (-0.4 percent compared to 0.1 percent) while inflation was steady for education (0.6 percent, the same as in September) and cost of health continued to decrease (-0.7 percent, the same as in September).

Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, was unchanged at 0.4 percent in October, the same as in the prior month.

On a monthly basis, consumer prices increased 0.2 percent, after rising 0.1 percent in September. Cost of heating ouil and new cars went up faster while international package holidays and overnight stays in hotels declined.


Swiss Federal Statistical Office | Stefanie Moya | stefanie.moya@tradingeconomics.com
11/1/2018 8:34:10 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-04 07:15 AM Inflation Rate YoY 1.2% 1.2% 1.2% 1.2%
2018-10-05 07:15 AM Inflation Rate YoY 1% 1.2% 1.1% 1.1%
2018-11-01 08:15 AM Inflation Rate YoY 1.1% 1% 1.1% 1.1%
2018-12-04 08:15 AM Inflation Rate YoY 1.2%


Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.00 11.92 -1.40 percent [+]
Inflation Rate Mom 0.20 0.10 2.10 -1.05 percent [+]
Consumer Price Index CPI 102.05 101.87 102.10 20.60 Index Points [+]
Core Consumer Prices 100.85 100.75 102.68 94.88 Index Points [+]
Core Inflation Rate 0.40 0.40 1.90 -1.20 percent [+]
GDP Deflator 98.40 98.10 100.50 54.40 Index Points [+]
Producer Prices 103.40 103.21 106.30 52.97 Index Points [+]
Producer Prices Change 2.30 2.60 18.66 -6.80 percent [+]
Export Prices 100.40 100.50 112.10 97.80 Index Points [+]
Import Prices 107.64 107.87 137.40 74.64 Index Points [+]
Food Inflation 1.70 1.50 6.81 -4.58 percent [+]
Inflation Expectations 0.70 0.74 1.28 -1.33 percent [+]
Harmonised Consumer Prices 101.46 101.47 102.40 96.50 Index Points [+]
Cpi Housing Utilities 103.90 103.50 103.90 49.97 Index Points [+]
CPI Transportation 103.87 103.19 113.89 65.74 Index Points [+]


Switzerland Inflation Rate

In Switzerland, the most important categories in the consumer price index are: Housing and Electricity (25 percent of the total weight) and health care (15 percent). Transport accounts for 11 percent; food and non-alcoholic beverages for 10 percent; restaurants and hotels for 9 percent; and recreation and culture for 9 percent. The index also includes: Miscellaneous goods and services (5 percent); household equipment and maintenance (4 percent); clothing and footwear (4 percent). Communication, Alcoholic Beverages and Tobacco and Education account for the remaining 7 percent of total weight. This page provides - Switzerland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.00 11.92 -1.40 1956 - 2018 percent Monthly




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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