Consumer prices in Switzerland fell 0.7 percent year-on-year in November of 2020, extending deflation for a 10th month. Figures compare with market forecasts of a 0.5 percent drop. Biggest downward impact came from prices of housing and energy (-0.7 percent); healthcare (-0.6 percent); and transport (-3.2 percent). In contrast, main upward pressure came from cost of food and non-alcoholic beverages (0.4 percent) and restaurants and hotels (0.5 percent). On a monthly basis, consumer prices went down 0.2 percent, mainly due to falling prices for international package holidays. Hotel accommodation also recorded a price decrease, as did fruiting vegetables. In contrast, prices for housing rentals and foreign red wine increased. source: Swiss Federal Statistical Office
Inflation Rate in Switzerland averaged 2.33 percent from 1956 until 2020, 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 December of 2020.
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 0.10 in 12 months time. In the long-term, the Switzerland Inflation Rate is projected to trend around 0.20 percent in 2021 and 0.50 percent in 2022, according to our econometric models.