Consumer prices in Switzerland rose by 0.1% year-on-year in January 2026, in line with market expectations and unchanged from December. Prices continued to decline for food and non-alcoholic beverages (-0.4% vs -0.8% in December), clothing and footwear (-0.9% vs -1.6%), transport (-2% vs -1.4%), and household goods and services (-1.3% vs -1.7%). Costs rose at a slower pace for alcoholic beverages and tobacco (1.9% vs 2.3%) and were unchanged for education (2.6%), while information and communication showed no growth (0% vs 0.7%). In contrast, price growth picked up for housing and energy (0.8% vs 0.4%), recreation and culture (1.6% vs 0.7%), and other goods and services (0.8% vs 0.3%). The core inflation rate, which excludes volatile items such as unprocessed food and energy, increased by 0.5%, the same as in December. On a monthly basis, the CPI fell 0.1% after being flat in the prior period. source: Swiss Federal Statistical Office

Inflation Rate in Switzerland remained unchanged at 0.10 percent in January. Inflation Rate in Switzerland averaged 2.25 percent from 1956 until 2026, reaching an all time high of 11.90 percent in December of 1973 and a record low of -1.40 percent in June of 1959. 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 February of 2026.

Inflation Rate in Switzerland remained unchanged at 0.10 percent in January. Inflation Rate in Switzerland is expected to be 0.10 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 2027 and 0.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-08 07:30 AM
Inflation Rate YoY
Dec 0.1% 0% 0.1% 0.0%
2026-02-13 07:30 AM
Inflation Rate YoY
Jan 0.1% 0.1% 0.1% 0.1%
2026-03-04 07:30 AM
Inflation Rate YoY
Feb 0.1% 0.0%

Components Last Previous Unit Reference
Food Inflation -0.40 -0.80 percent Jan 2026

Related Last Previous Unit Reference
CPI 99.90 100.00 points Jan 2026
Core Consumer Prices 100.10 100.00 points Jan 2026
Core Inflation Rate 0.50 0.50 percent Jan 2026
CPI Housing Utilities 99.70 100.00 points Jan 2026
CPI Transportation 99.60 100.00 points Jan 2026
Export Prices 97.90 97.90 points Dec 2025
Inflation Rate YoY 0.10 0.10 percent Jan 2026
Inflation Rate MoM -0.10 0.00 percent Jan 2026
Producer Prices 104.90 104.90 points Dec 2025
Producer & Import Prices YoY -1.80 -1.60 percent Dec 2025


Switzerland Inflation Rate
In Switzerland, the most important categories in the Consumer Price Index are: Housing & Energy (27%) and Healthcare (17%). Food & Non-alcoholic Beverages account for 13%; Transport for 11%; Recreation & Culture for 7%; Miscellaneous Goods & Services for 6%; Restaurants & Hotels for 6%. The index also includes: Households Goods & Services (5%), Alcoholic Beverages & Tobacco (3%), Communications (3%), Clothing & Footwear (3%), and Education (1%).
Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 11.90 -1.40 1956 - 2026 percent Monthly

News Stream
Swiss Inflation Rate Steady at 0.1%
Consumer prices in Switzerland rose by 0.1% year-on-year in January 2026, in line with market expectations and unchanged from December. Prices continued to decline for food and non-alcoholic beverages (-0.4% vs -0.8% in December), clothing and footwear (-0.9% vs -1.6%), transport (-2% vs -1.4%), and household goods and services (-1.3% vs -1.7%). Costs rose at a slower pace for alcoholic beverages and tobacco (1.9% vs 2.3%) and were unchanged for education (2.6%), while information and communication showed no growth (0% vs 0.7%). In contrast, price growth picked up for housing and energy (0.8% vs 0.4%), recreation and culture (1.6% vs 0.7%), and other goods and services (0.8% vs 0.3%). The core inflation rate, which excludes volatile items such as unprocessed food and energy, increased by 0.5%, the same as in December. On a monthly basis, the CPI fell 0.1% after being flat in the prior period.
2026-02-13
Swiss Inflation Ticks Up in December
Consumer prices in Switzerland edged up by 0.1% year-on-year in December 2025, matching market expectations after a flat reading in the previous month. Prices increased further for alcoholic beverages and tobacco (2.3% vs 1.7% in November), communications (0.7% vs 0.4%), and restaurants and hotels (1.1% vs 0.7%). At the same time, costs declined at a slower rate for household goods and services (-1.7% vs -2.6%) and transport (-1.4% vs -1.7%). On the other hand, prices decreased faster for food and non-alcoholic beverages (-0.8% vs -0.4%) and clothing and footwear (-1.6% vs -0.3%), while inflation softened for housing and energy (0.4% vs 0.5%) and recreation and culture (0.7% vs 0.8%). The core inflation rate, which excludes volatile items such as unprocessed food and energy, increased by 0.5% from 0.4% in November. On a monthly basis, consumer prices showed no growth in December, following a 0.2% fall in the preceding period.
2026-01-08
Swiss CPI Unexpectedly Flat in November
Consumer prices in Switzerland were flat year-on-year in November 2025, following a 0.1% increase in October and against market forecasts of a 0.1% rise. Prices continued to fall for food and non-alcoholic beverages (-0.4% vs -0.5% in October), clothing and footwear (-0.3% vs -0.4%), household goods and services (-2.6% vs -1.8%), and transport (-1.7% vs -1.7%). At the same time, inflation eased for restaurants and hotels (0.7% vs 1.3%) and housing & energy (0.5% vs 0.8%), while healthcare prices did not change. By contrast, alcoholic beverages and tobacco prices picked up (1.7% vs 1.2%). The core inflation rate, which excludes volatile items such as unprocessed food and energy, eased for the second month to 0.4%, the lowest since August 2021, from 0.5% in October. On a monthly basis, consumer prices fell by 0.2% in November, after a 0.3% decrease in the prior month, in line with market estimates.
2025-12-03