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Swiss inflation in December edges slightly higher

ReutersJan 8, 2026 7:30 AM

- Switzerland's annual inflation rate rose slightly to 0.1% in December, government data said on Thursday, continuing the trend of price rises rooted to the bottom end of the Swiss National Bank's target range.

The figure, in line with the 0.1% forecast by analysts polled by Reuters, was higher than the 0% rate in November.

The SNB targets an inflation rate of between 0 and 2%, although recently the central bank has said it was prepared to let inflation fall below the target on a temporary basis.

As a result the average inflation rate for 2025 in Switzerland was 0.2%.

According to the data published by the Federal Statistics Office, the Swiss consumer price index was unchanged in December compared with November.

The figure was slightly above the 0.1% drop forecast in the Reuters poll.

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