Next release
Released monthlyJul 2, 2026 06:30 UTC
in 11 days
Latest result
The most recent Switzerland Inflation Rate (CPI) (Jun 4, 2026, May) printed 0.6% versus 0.8% expected (previous 0.6%) — below forecast, negative for the CHF.
What it measures
This is Swiss inflation over the past year. Switzerland runs structurally low inflation, and the Swiss National Bank defines price stability as a rate between zero and two percent, lower than most. So even modest readings here can shape policy. Traders compare it to that band.
Higher rates reward holding the franc, and inflation drives the Swiss National Bank, so a hotter reading tends to support the franc and a cooler one to weaken it. Because Swiss inflation is usually very low, the bank reacts to smaller moves than elsewhere, and a drift toward zero or below can push it to cut or even toward negative rates. A key Swiss twist: the bank also fights inflation through the franc itself, letting a strong franc hold down import prices, so its comments on the currency matter alongside the data. The franc also strengthens on global fear regardless of inflation.
What a higher or lower Switzerland Inflation Rate (CPI) means for the CHF
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CHF.
Higher than forecast
An actual above the 0.7% forecast is typically bullish for the CHF.
Lower than forecast
An actual below the 0.7% forecast is typically bearish for the CHF.
Release history
Every release of Switzerland Inflation Rate (CPI): actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
| Release | Actual | Forecast | Previous | Outcome |
|---|---|---|---|---|
| Jun 4, 2026 · May | 0.6% | 0.8% | 0.6% | below |
| May 5, 2026 · Apr | 0.6% | 0.8% | 0.3% | below |
| Apr 2, 2026 · Mar | 0.3% | 0.5% | 0.1% | below |
| Mar 4, 2026 · Feb | 0.1% | 0.0% | 0.1% | above |
| Feb 13, 2026 · Jan | 0.1% | 0.1% | 0.1% | inline |
| Dec 3, 2025 · Nov | 0% | 0.1% | 0.1% | below |
| Nov 3, 2025 · Oct | 0.1% | 0.2% | 0.2% | below |
| Oct 2, 2025 · Sep | 0.2% | 0.2% | 0.2% | inline |
| Sep 4, 2025 · Aug | 0.2% | 0.2% | 0.2% | inline |
| Aug 4, 2025 · Jul | 0.2% | 0.1% | 0.1% | above |
| Jul 3, 2025 · Jun | 0.1% | -0.1% | -0.1% | above |
| Jun 3, 2025 · May | -0.1% | -0.2% | 0% | above |
| May 5, 2025 · Apr | 0% | 0.3% | 0.3% | below |
| Apr 3, 2025 · Mar | 0.3% | 0.2% | 0.3% | above |
| Mar 5, 2025 · Feb | 0.3% | 0.2% | 0.4% | above |
| Feb 13, 2025 · Jan | 0.4% | 0.5% | 0.6% | below |
| Jan 7, 2025 · Dec | 0.6% | 1.0% | 0.7% | below |
| Dec 3, 2024 · Nov | 0.7% | 0.7% | 0.6% | inline |
| Nov 1, 2024 · Oct | 0.6% | 0.8% | 0.8% | below |
| Oct 3, 2024 · Sep | 0.8% | 1.2% | 1.1% | below |
| Sep 3, 2024 · Aug | 1.1% | 1.2% | 1.3% | below |
| Aug 2, 2024 · Jul | 1.3% | 1.2% | 1.3% | above |
| Jul 4, 2024 · Jun | 1.3% | 1.5% | 1.4% | below |
| Jun 4, 2024 · May | 1.4% | 1.6% | 1.4% | below |
| May 2, 2024 · Apr | 1.4% | 1.2% | 1% | above |
| Apr 4, 2024 · Mar | 1% | 1.4% | 1.2% | below |
| Mar 4, 2024 · Feb | 1.2% | 1.1% | 1.3% | above |
| Feb 13, 2024 · Jan | 1.3% | 1.4% | 1.7% | below |
| Jan 8, 2024 · Dec | 1.7% | 1.6% | 1.4% | above |
| Dec 4, 2023 · Nov | 1.4% | 1.7% | 1.7% | below |
| Nov 2, 2023 · Oct | 1.7% | 1.8% | 1.7% | below |
| Oct 3, 2023 · Sep | 1.7% | 1.7% | 1.6% | inline |
| Sep 1, 2023 · Aug | 1.6% | 1.4% | 1.6% | above |
| Aug 3, 2023 · Jul | 1.6% | 1.6% | 1.7% | inline |
| Jul 3, 2023 · Jun | 1.7% | 1.9% | 2.2% | below |
| Jun 5, 2023 · May | 2.2% | 2.2% | 2.6% | inline |
Frequently asked questions
- What is Switzerland Inflation Rate (CPI)?
- This is Swiss inflation over the past year. Switzerland runs structurally low inflation, and the Swiss National Bank defines price stability as a rate between zero and two percent, lower than most. So even modest readings here can shape policy. Traders compare it to that band.
- What was the latest Switzerland Inflation Rate (CPI) reading?
- The most recent release (Jun 4, 2026, May) came in at 0.6%, versus a forecast of 0.8% and a previous 0.6% — below expectations.
- When is the next Switzerland Inflation Rate (CPI)?
- The next Switzerland Inflation Rate (CPI) is scheduled for Jul 2, 2026. It is released monthly.
- What happens to the CHF if Switzerland Inflation Rate (CPI) is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the CHF, while a reading below forecast is bearish for the CHF. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the CHF.
- How does Switzerland Inflation Rate (CPI) affect the CHF?
- Higher rates reward holding the franc, and inflation drives the Swiss National Bank, so a hotter reading tends to support the franc and a cooler one to weaken it. Because Swiss inflation is usually very low, the bank reacts to smaller moves than elsewhere, and a drift toward zero or below can push it to cut or even toward negative rates. A key Swiss twist: the bank also fights inflation through the franc itself, letting a strong franc hold down import prices, so its comments on the currency matter alongside the data. The franc also strengthens on global fear regardless of inflation.