Swiss consumer prices declined 0.3 percent from a month earlier in January 2019, the same pace as in December and matching market consensus, mainly due to falling prices of clothing and footwear due to seasonal balances. The prices of heating oil, as well as those of medicines, have also fallen. On the other hand, prices for hotel accommodation and electricity rose. Inflation Rate Mom in Switzerland averaged 0.19 percent from 1950 until 2019, reaching an all time high of 2.10 percent in November of 1973 and a record low of -1.05 percent in July of 2004.
Inflation Rate Mom in Switzerland is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Switzerland to stand at 0.40 in 12 months time. In the long-term, the Switzerland Inflation Rate MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.