Switzerland's consumer price inflation rate picked up to 0.6 percent year-on-year in May 2021, the highest since June 2019, as the economic recovery from the coronavirus crisis gathered pace. Main upward pressure came from housing and utilities (1.3 percent vs 0.9 percent in April), transport (4.0 percent vs 2.8 percent), restaurants and hotels (1.6 percent vs 1.2 percent), and miscellaneous goods and services (0.4 percent vs 0.0 percent). On the other hand, cost continued to fall for health (-0.3 percent, the same as in April), food and non-alcoholic beverages (-2.1 percent vs -2.0 percent), and recreation and culture (-1.1 percent vs -0.8 percent). On a monthly basis, consumer prices rose 0.3 percent in May, following a 0.2 percent gain in April. 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 June of 2021.
Inflation Rate in Switzerland is expected to be 0.60 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 0.80 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.50 percent in 2022 and 0.70 percent in 2023, according to our econometric models.