Consumer prices in Switzerland fell 0.5 percent percent year-on-year in February of 2021, the same as in January and compared to market forecasts of a 0.3 percent drop. The reading marks the 13th consecutive month of deflation, with cost of recreation and culture (-2.3 percent) and transport (-1.6 percent) recording the biggest decreases. On a monthly basis, prices edged up 0.2 percent, above 0.1 percent in January, mainly due to several factors including rising prices for clothing and footwear amid the end of the seasonal sales. Housing rentals also recorded a price increase, as did fuel. In contrast, prices for berries and medical products decreased. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.31 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 March of 2021.
Inflation Rate in Switzerland is expected to be -0.20 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 0.20 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.