Switzerland's consumer prices dropped 0.9 percent from a year earlier in July 2020, the smallest fall since March and compared with market expectations of a 1.1 percent decline. There were decreases in prices of housing & utilities (-0.2 percent vs -0.1 percent in June), health (-1.0 vs -0.7 percent), transport (-4.6 percent vs -6.3 percent), recreation & culture (-3.2 percent vs -4.7 percent). Meanwhile, prices of food & non-alcoholic beverages increased softer (0.7 percent vs 1.0 percent). In addition, prices rebounded for both clothing & footwear (0.3 percent vs -1.0 percent), restaurants & hotels (0.1 percent vs -0.3 percent). Core consumer prices, which strip out volatile price components like fresh and seasonal products, energy and fuels dropped 0.4 percent, the least since March. On a monthly basis, consumer prices went down 0.2 percent in July, compared to market consensus of a 0.4 percent drop.
Inflation Rate in Switzerland averaged 2.34 percent from 1956 until 2020, 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. 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 August of 2020.
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. Looking forward, we estimate Inflation Rate in Switzerland to stand at 1.00 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.80 percent in 2021 and 1.20 percent in 2022, according to our econometric models.