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.

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Switzerland Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.30 11.92 -1.40 1956 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-03 07:30 AM Feb -0.5% -0.5% -0.3% -0.4%
2021-04-01 06:30 AM Mar -0.2% -0.5% -0.3% -0.3%
2021-05-05 06:30 AM Apr 0.3% -0.2% 0.3% 0.5%
2021-06-07 06:30 AM May 0.6% 0.3% 0.6% 0.6%
2021-07-01 06:30 AM Jun 0.6% 0.7%
2021-08-02 06:30 AM Jul
2021-09-02 06:30 AM Aug
2021-10-04 06:30 AM Sep


News Stream
Swiss Inflation Rate Rises to Near 2-Year High
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.
2021-06-07
Swiss Consumer Prices Rise for 1st Time in 15 Months
Switzerland's consumer price inflation rate rose to 0.3 percent year-on-year in April 2021, ending a 14-month period of price deflation and matching market expectations. Main upward pressure came from housing and utilities (0.9 percent), transportation (2.8 percent) and restaurants and hotels (1.2 percent), while cost for miscellaneous goods and services was unchanged. On the other hand, prices declined for health (-0.3 percent), food and non-alcoholic beverages (-2.0 percent), and recreation and culture (-0.8 percent). On a monthly basis, consumer prices rose 0.2 percent in April, following a 0.3 percent gain in March.
2021-05-05
Switzerland Deflation Softens
Consumer prices in Switzerland were down 0.2 percent year-on-year in March of 2021, compared to forecasts of a 0.3 percent drop. It is the lowest deflation rate since February of 2020. Prices of recreation and culture (-1.9 percent), food and non-alcoholic beverages (-1.5 percent), clothing and footwear (-1.1 percent) and communication (-1.1 percent) recorded the biggest decreases. On a monthly basis, consumer prices increased 0.3 percent due to rising prices for clothing and footwear amid the end of the seasonal sales. Heating oil also recorded a price increase, as did fuel. In contrast, prices for fruiting vegetables and pasta decreased.
2021-04-01
Switzerland CPI Declines 0.5%
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.
2021-03-03

Switzerland Inflation Rate
In Switzerland, the most important categories in the consumer price index are: Housing and energy (27 percent of the total weight) and Healthcare (18 percent). Transport accounts for 10 percent; Food and non-alcoholic beverages for 12 percent; Restaurants and hotels for 7 percent; and Recreation and culture for 7 percent. The index also includes: Miscellaneous goods and services (6 percent); Household goods and services (4 percent); and Clothing and footwear (3 percent). Communication, Alcoholic Beverages and Tobacco and Education account for the remaining 6 percent of total weight.