On 2 June 2022, Switzerland’s Federal Statistical Office (FSO) published May inflation data, which show prices 2.9% higher than one year ago. Switzerland’s consumer price index (CPI) increased by 0.7% in May 2022 compared with the previous month. Inflation was +2.9% compared with the same month of the previous year. Inflation in Switzerland is currently […]
Recent price rises only the beginning, says Swiss consumer association
Food, energy and housing costs are rising in Switzerland and consumers are beginning to change their spending habits. So far inflation in Switzerland has been moderate with annual inflation of 2.5%. However, according to FRC, a consumer association in French-speaking Switzerland, recent price rises are only the beginning, reported RTS. The biggest driver of Swiss […]
Swiss inflation rises further in March 2022
On 1 April 2022, Switzerland’s Federal Statistical Office published March inflation data, which show prices 2.4% higher than one year ago. Switzerland’s consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month. Inflation was +2.4% compared with the same month of the previous year. Swiss prices were driven higher by […]
Swiss inflation jumps sharply in February
The high inflation across the world is rippling as far as Switzerland. During the month of February 2022, Swiss prices rose 0.7%. Compared to the same month in 2021, prices were 2.2% higher, making this the highest price increase in two decades. The 0.66% monthly consumer price rise in February represents an annualised rate of […]
Prices of dairy products set to rise in Switzerland
Dairy prices are rising globally. Higher global prices are expected to trigger price rises in Switzerland as local dairy farmers follow the global trend, reported 20 Minutes. Since the beginning of the year, the price of a tonne of dried milk has risen by around 16% to US$ 4,503, according to the website Global Dairy […]
More inflation in January in Switzerland
On 11 February 2022, Switzerland’s Federal Statistical Office (FSO) released inflation figures for January 2022. Over the month, prices rose by 0.2%, delivering an annual price rise of 1.6%. Compared to many other nations, 1.6% annual inflation is low. The latest annual figure to the end of January 2022 in the US is 7.5%, according […]
Inflation continues to rise in Switzerland reaching 3-year high
At the end of October 2021, annual inflation in Switzerland reached 1.2% after rising 0.3% over the month, according to the Federal Statistical Office. This is the highest the annual rate has been since August 2018 when it reached 1.2%. The price rises hitting Swiss pockets the hardest over the last 12 months include rent […]
Inflation accelerates in Switzerland in March
During 2020, average annual inflation was –0.7%, according to Switzerland’s Federal Statistical Office (FSO). Since the beginning of 2021 it has begun to rise. In January 2021 inflation was 0.1%. In February it rose to 0.2% and it March it was 0.3%. Since the end of 2020, Swiss prices have risen by nearly 0.6% (0.56%). […]
Swiss National Bank forecasts deflation until 2022
On 18 June 2020, the Swiss National Bank (SNB) said it would maintain its negative rate of interest (-0.75%) and remains willing to intervene more strongly in the foreign exchange market. The coronavirus pandemic has led to a severe downturn in economic activity and a decline in inflation both in Switzerland and abroad. The bank […]