Switzerland's annual inflation rate edged down to 0.6 percent in January 2018 from 0.7 percent in the previous month, in line with market expectations. It was the lowest inflation rate since February, as prices of housing, transportation, and food rose at a softer pace while healthcare costs continued to decline. Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, went up to 0.5 percent in January from 0.3 percent in the prior month. Inflation Rate in Switzerland averaged 2.40 percent from 1956 until 2019, 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.

Inflation Rate in Switzerland is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Switzerland to stand at 1.40 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Switzerland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 0.9% 1.1% 1.0% 1.1%
2019-01-09 07:30 AM Inflation Rate YoY 0.7% 0.9% 0.8% 1%
2019-02-11 07:30 AM Inflation Rate YoY 0.6% 0.7% 0.6% 0.9%
2019-03-05 07:30 AM Inflation Rate YoY 0.6% 0.6%
2019-04-02 06:30 AM Inflation Rate YoY 0.9%
2019-05-03 06:30 AM Inflation Rate YoY



Swiss Inflation Rate Falls to 11-Month Low

Switzerland's annual inflation rate edged down to 0.6 percent in January 2019 from 0.7 percent in the previous month, in line with market expectations. It was the lowest inflation rate since February, as prices of housing, transportation, and food rose at a softer pace while healthcare costs continued to decline.

Year-on-year, prices rose at slower pace for housing and energy (0.3 percent vs 1.0 percent in December); transport (1.3 percent vs 1.8 percent); food and non-alcoholic beverages (0.8 percent vs 1.5 percent); miscellaneous goods and services (0.3 percent vs 0.5 percent); while recreation and culture prices were flat (vs 0.1 percent in December). In addition, healthcare prices continued to fall (-0.2 percent from -0.7 percent). On the other hand, restaurant and hotels inflation increased to 0.7 percent from 0.2 percent.    

Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, went up to 0.5 percent in January from 0.3 percent in the prior month.
 
On a monthly basis, consumer prices declined 0.3 percent, the same pace as in December and matching market consensus, mainly due to falling prices of clothing and footwear due to seasonal balances. The prices of heating oil, as well as those of medicines, have also fallen. On the other hand, prices for hotel accommodation and electricity rose.
 



 


Swiss Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
2/11/2019 3:11:30 PM



Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.60 0.70 11.92 -1.40 percent [+]
Inflation Rate Mom -0.30 -0.30 2.10 -1.05 percent [+]
Consumer Price Index CPI 101.30 101.50 102.10 20.60 Index Points [+]
Core Consumer Prices 100.30 100.69 102.68 94.88 Index Points [+]
Core Inflation Rate 0.50 0.30 1.90 -1.20 percent [+]
GDP Deflator 98.80 98.50 100.50 54.40 Index Points [+]
Producer Prices 101.70 102.50 106.30 52.97 Index Points [+]
Producer Prices Change -0.50 0.60 18.66 -6.80 percent [+]
Export Prices 99.50 99.50 112.10 97.80 Index Points [+]
Import Prices 104.28 105.70 137.40 74.64 Index Points [+]
Food Inflation 0.80 1.50 6.81 -4.58 percent [+]
Inflation Expectations 0.78 0.68 1.28 -1.33 percent [+]
Harmonised Consumer Prices 101.24 101.24 102.40 96.50 Index Points [+]
Cpi Housing Utilities 103.30 103.50 104.05 49.97 Index Points [+]
CPI Transportation 102.20 102.80 113.89 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 11 percent; restaurants and hotels for 9 percent; and recreation and culture for 9 percent. The index also includes: Miscellaneous goods and services (6 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 11.92 -1.40 1956 - 2019 percent Monthly




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia -1.90 Jan/19
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


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