Switzerland Inflation Rate

Last Release

Apr 30, 2024

Actual

1.4

Units In

Frequency

Monthly

Next Release

Jun 04, 2024

Time to Release

1 Months 1 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
11.92 Dec 1973	-1.4 Aug 2015	2.3 %	1956-2024	Swiss Federal Statistical Office

In Switzerland, the most important categories in the consumer price index are: Housing and energy (27 percent of the total weight) and Healthcare (18 percent). Transport accounts for 10 percent; Food and non-alcoholic beverages for 12 percent; Restaurants and hotels for 7 percent; and Recreation and culture for 7 percent. The index also includes: Miscellaneous goods and services (6 percent); Household goods and services (4 percent); and Clothing and footwear (3 percent). Communication, Alcoholic Beverages and Tobacco and Education account for the remaining 6 percent of total weight.

Latest Updates

The annual inflation rate in Switzerland rose to 1.4% in April 2024, accelerating from 1% in the previous month and coming above market forecasts of 1.1%. It marked the highest reading since December 2023, mainly driven by a strong rebound in prices for food and non-alcoholic beverages (1% vs -0.4% in March). Additionally, inflation increased further for recreation and culture (2.3% vs 1.8%), and housing and utilities (3.3% vs 3.2%). At the same time, prices were stable for transport (vs -0.5%), and declined less for household goods and services (-0.5% vs -1.9%). On a monthly basis, the CPI rose 0.3%, after showing no growth in the prior period. Meanwhile, the core rate, which excludes volatile items such as unprocessed food and energy, increased 1.2% year-on-year in April, up from a previous 1% rise.