Switzerland's annual inflation rate eased to 0.7 percent in December 2018 from 0.9 percent in the previous month, missing market expectations of 0.8 percent. It was the lowest rate since February, as prices of housing and transportation rose at a slower pace while healthcare costs continued to fall. The average annual inflation rose to 0.9 percent in 2018 from 0.5 percent in 2017 due in particular to higher prices for petroleum products and increased housing rentals. Inflation Rate in Switzerland averaged 2.40 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.

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
2018-10-05 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 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 0.7%
2019-03-05 07:30 AM Inflation Rate YoY
2019-04-02 06:30 AM Inflation Rate YoY 0.9%



Swiss Inflation Rate Falls to 10-Month Low in December

Switzerland's annual inflation rate eased to 0.7 percent in December 2018 from 0.9 percent in the previous month, missing market expectations of 0.8 percent. It was the lowest rate since February, as prices of housing and transportation rose at a slower pace while healthcare costs continued to fall.

Year-on-year, prices rose at softer pace for housing and energy (1.0 percentvs 1.7 percent in November), transport (1.8 percent vs 3.0 percent), restaurant and hotels (0.2 percent vs 0.5 percent), and miscellaneous goods and services (0.5 percent vs 0.9 percent). In addition, healthcare prices continued to fall (-0.7 percent, the same as in November). On the other hand, inflation picked up for food and non-alcoholic beverages (1.5 percent vs 1.3 percent) while recreation and culture prices rebounded slightly (0.1 percent vs -0.2 percent).
 
Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, edged up to 0.3 percent in December from 0.2 percent in the prior month.
 
On a monthly basis, consumer prices declined 0.3 percent, the same pace as in November and compared with market consensus of a 0.1 percent drop, mainly due to falling prices for heating oil and fuel. In contrast, prices for overnight stays in hotels and new cars increased.

The average annual inflation rose to 0.9 percent in 2018 from 0.5 percent in 2017 due in particular to higher prices for petroleum products and increased housing rentals.


Swiss Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
1/9/2019 10:52:29 AM



Switzerland Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 0.90 11.92 -1.40 percent [+]
Inflation Rate Mom -0.30 -0.30 2.10 -1.05 percent [+]
Consumer Price Index CPI 101.50 101.79 102.10 20.60 Index Points [+]
Core Consumer Prices 100.69 100.66 102.68 94.88 Index Points [+]
Core Inflation Rate 0.30 0.20 1.90 -1.20 percent [+]
GDP Deflator 98.80 98.50 100.50 54.40 Index Points [+]
Producer Prices 102.50 103.10 106.30 52.97 Index Points [+]
Producer Prices Change 0.60 1.40 18.66 -6.80 percent [+]
Export Prices 99.50 100.30 112.10 97.80 Index Points [+]
Import Prices 107.37 107.88 137.40 74.64 Index Points [+]
Food Inflation 1.50 1.30 6.81 -4.58 percent [+]
Inflation Expectations 0.70 0.74 1.28 -1.33 percent [+]
Harmonised Consumer Prices 101.24 101.24 102.40 96.50 Index Points [+]
Cpi Housing Utilities 103.50 104.05 104.05 49.97 Index Points [+]
CPI Transportation 102.80 103.79 113.89 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.90 11.92 -1.40 1956 - 2018 percent Monthly




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.80 Nov/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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