Schweiz - Inflationsrate

Switzerland's consumer prices inched lower 0.1 percent year-on-year in November 2019, after a 0.3 percent fall in the previous month and in line with market expectations. It was the second straight month of deflation, as food, health and transport prices continued to drop, while housing costs were flat.

Switzerland's consumer prices declined 0.3 percent year-on-year in October 2019, after a 0.1 percent rise in the previous month, missing market expectations of a flat reading. It was the first month of deflation since November 2016, as housing prices fell, while both transport and food prices decreased faster, and health prices continued to drop.

Switzerland's annual inflation rate declined to 0.1 percent in September 2019 from 0.3 percent in the previous month, lower than market expectations of 0.3 percent. It was the lowest inflation since December 2016, well below the central bank's target of just below 2 percent as the franc surged to 2-year high against the Euro in the beginning of the month. Both transport and food prices fell, while housing inflation was steady, and health prices continued to drop.

Switzerland's annual inflation was unchanged at 0.3 percent in August 2019, the lowest since July 2017 and in line with market expectations. A slowdown in housing inflation was offset by a rebound in food prices. In addition, restaurants and hotels cost rose at a faster pace while healthcare deepened. Annual core inflation, which strips out volatile price components like fresh and seasonal products, energy and fuels, stood at 0.4 percent in August, unchanged from the previous month's five-month low. On a monthly basis, consumer prices were flat in August, after decreasing by 0.5 percent in July and compared to market consensus of a 0.1 percent fall.

Switzerland's annual inflation fell to 0.3 percent in July 2019, the lowest since July 2017, from 0.6 percent in the previous month and below market expectations of 0.5 percent. Transport and restaurant & hotels inflation rates slowed while food and health prices fell. Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, declined to 0.4 percent, the lowest since February. On a monthly basis, consumer prices dropped 0.5 percent in July, after being unchanged in June and compared to market consensus of a 0.3 percent fall. This was the biggest monthly decline in consumer prices since July 2015.

Switzerland's annual inflation stood at 0.6 percent in June 2019, unchanged from the previous month's three-month low and slightly above market expectations of 0.5 percent. Cost of transport, housing, food, and health rose at softer pace, while restaurants and hotels inflation accelerated. Annual core inflation, which strips out volatile price components like food, beverages, tobacco, seasonal products, energy and fuel, edged up to 0.7 percent in June, the highest since December 2017.