Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Switzerland
In the year 2024, the inflation in Switzerland was 1.06%, compared to -0.01% in 2014 and 2.14% in 2023. It averaged 0.56% over the last decade. For more inflation information, visit our dedicated page.
Switzerland Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Switzerland from 2014 to 2024.
Source: Macrobond.
Switzerland Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.4 | -0.7 | 0.6 | 2.8 | 2.1 |
| Inflation (CPI, ann. var. %, eop) | 0.2 | -0.8 | 1.5 | 2.8 | 1.7 |
Consumer prices record first annual decline since March 2021 in May
Latest reading: Consumer prices fell 0.1% year-on-year in May, swinging from April’s flat reading. May's result represented the first such fall in consumer prices since March 2021. Prices declined for a range of goods and services, including food, transport and clothing. Annual average inflation fell to 0.6% in May (April: 0.7%). Meanwhile, core inflation edged down to 0.5% in May from April’s 0.6%. Lastly, consumer prices increased 0.14% in May over the previous month, picking up from April's 0.01% rise.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swiss inflation projections for the next ten years from a panel of 35 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Swiss inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swiss inflation projections.
Want to get access to the full dataset of Swiss inflation forecasts? Send an email to info@focus-economics.com.
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