Swiss Consumer prices remained stable in November 2022

 

Neuchâtel, 01.12.2022 – The consumer price index (CPI) remained stable in November 2022 compared with the previous month, remaining at 104.6 points (December 2020 = 100). Inflation was +3.0% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

The stability of the index compared with the previous month is the result of opposing trends that offset each other overall. Prices for housing rentals, gas and fuels increased, as did those for foreign and Swiss red wine. In contrast, prices for heating oil, fruiting vegetables and hotel accommodation decreased.

 

Harmonised Index of Consumer Prices (HICP)

In November 2022, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 104.49 points (base 2015 = 100). This corresponds to a rate of change of –0.1 % compared with the previous month and of +2.9 % compared with the same month the previous year.

The HICP is a supplementary indicator for inflation based on a harmonised method across EU member countries. It enables inflation in Switzerland to be compared with that of European countries.

The European Statistical Office, Eurostat, publishes the results according to a predefined calendar. The FSO publishes a comparison between inflation in Switzerland and Europe on the webpage http://www.ipch.bfs.admin.ch. A methodological note and the 2022 weighting of the Swiss standard HICP basket are also available on this page.

Eurostat will publish the HICP indices for other European countries for November 2022 on 16 December 2022. You will find the HICP results on the Eurostat website at the following address: https://ec.europa.eu/eurostat/web/hicp

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