Switzerland's annual inflation was unchanged at 0.3 percent in August 2019, the lowest since July 2017 and in line with market expectations. A slowdown in housing inflation was offset by a rebound in food prices. In addition, restaurants and hotels cost rose at a faster pace while healthcare deepened. Inflation Rate in Switzerland averaged 2.38 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 0.50 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 0.40 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.

Switzerland Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-03 06:30 AM Inflation Rate YoY May 0.6% 0.7% 0.6% 0.6%
2019-07-04 06:30 AM Inflation Rate YoY Jun 0.6% 0.6% 0.5% 0.7%
2019-08-02 06:30 AM Inflation Rate YoY Jul 0.3% 0.6% 0.5% 0.7%
2019-09-03 06:30 AM Inflation Rate YoY Aug 0.3% 0.3% 0.3% 0.3%
2019-10-02 06:30 AM Inflation Rate YoY Sep 0.3% 0.5%
2019-11-01 07:30 AM Inflation Rate YoY Oct 0.5%
2019-12-03 07:30 AM Inflation Rate YoY Nov 0.6%



Swiss Inflation Rate Holds Steady at 2-Year Low

Switzerland's annual inflation was unchanged at 0.3 percent in August 2019, the lowest since July 2017 and in line with market expectations.

Main upward pressure came from: food and non-alcoholic beverages (0.3 percent vs -0.4 percent); transport (0.4 percent, the same as in July); restaurants and hotels (0.7 percent vs 0.6 percent); and other goods and services (0.9 percent vs 0.6 percent).

Meanwhile, housing and energy inflation slowed to 0.3 percent from 0.4 percent in the previous month, while prices continued to fall for healthcare (-0.6 percent vs -0.4 percent) and recreation and culture (-0.8 percent, the same as in July).
 
Annual core inflation, which strips out volatile price components like fresh and seasonal products, energy and fuels, stood at 0.4 percent in August, unchanged from the previous month's five-month low.
 
On a monthly basis, consumer prices were flat in August, after decreasing by 0.5 percent in July and compared to market consensus of a 0.1 percent fall. Airfares, as well as prices for international package holidays and in-patient hospital services, declined; while prices for clothing, footwear and housing rental increased.


Swiss Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
9/3/2019 5:05:04 PM



Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.30 11.92 -1.40 percent [+]
Inflation Rate Mom 0.00 -0.50 2.10 -1.05 percent [+]
Consumer Price Index CPI 102.13 102.14 103.56 21.17 Index Points [+]
Core Consumer Prices 101.16 101.17 102.68 94.88 Index Points [+]
Core Inflation Rate 0.40 0.40 1.90 -1.20 percent [+]
GDP Deflator 98.50 98.40 100.50 54.40 Index Points [+]
Producer Prices 101.40 101.63 106.30 52.97 Index Points [+]
Producer Prices Change -1.90 -1.70 18.66 -6.80 percent [+]
Export Prices 99.00 99.10 112.10 97.80 Index Points [+]
Import Prices 105.77 105.93 137.29 74.64 Index Points [+]
Food Inflation 0.30 -0.40 6.81 -4.58 percent [+]
Inflation Expectations 0.39 0.47 1.28 -1.33 percent [+]
Harmonised Consumer Prices 101.94 101.87 102.40 96.50 Index Points [+]
Cpi Housing Utilities 103.71 103.65 104.05 49.97 Index Points [+]
CPI Transportation 103.84 104.87 113.89 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 11.92 -1.40 1956 - 2019 percent Monthly




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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