Switzerland November CPI 0.0% vs +0.1% y/y expected

  • Latest data released by the Federal Statistical Office - 3 December 2025
Switzerland
  • Prior +0.1%
  • Core CPI +0.4% y/y
  • Prior +0.5%

The struggle continues for the Swiss economy with headline annual inflation hitting 0% again. Core annual inflation is also seen easing further in November, now down to 0.4%. The clock continues to tick down as the SNB contemplates where they want to draw the line before reintroducing negative rates again.

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