The annual inflation rate in Switzerland rose to 1.2 percent in October of 2021 from 0.9 percent a month earlier and slightly above market consensus of 1.1 percent. It is the highest reading since August 2018, amid a faster rise in cost of both transport (7.3 percent vs 6.2 percent in September), and housing and energy (2.7 percent vs 2.0 percent). At the same time, prices fell further for food and non-alcoholic beverages (-2.0 percent vs -1.7 percent), clothing and footwear (-1.1 percent vs -2.2 percent), health care (-0.5 percent vs -0.3 percent), communications (-0.4 percent vs -1.1 percent), and recreation and culture (-0.5 percent vs -0.4 percent). On a monthly basis, consumer prices went up 0.3 percent in October, the most in five months, after being unchanged in September. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.30 percent from 1956 until 2021, 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 November of 2021.
Inflation Rate in Switzerland is expected to be 1.50 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 0.70 percent in 2022 and 1.00 percent in 2023, according to our econometric models.