The Swiss consumer price index (CPI) increased by 0.7% in February 2022 compared with the previous month, reaching 102.4 points (December 2020 = 100). Inflation was +2.2 % compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).
The 0.7 % increase compared with the previous month is due to several factors including rising prices for fuel. Housing rental also recorded a price increase, as did heating oil. In contrast, prices for berries and hotel accommodation decreased.
Harmonised Index of Consumer Prices (HICP)
In February 2022, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 102.25 points (base 2015 = 100). This corresponds to a rate of change of +0.6 % compared with the previous month and of +1.9 % compared with the same month of the previous year.
The HICP is a supplementary indicator for inflation based on a harmonised method across EU member countries. It allows the comparison of inflation in Switzerland with that in 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 www.ipch.bfs.admin.ch
A methodological note, the 2022 weighting of the Swiss standard HICP basket and the FSO News publication on the HICP are also available on this page. Eurostat will publish the HICP indices for other European countries for February 2022 on March 17, 2022. You will find the HICP results on the Eurostat website at the following address: https://ec.europa.eu/eurostat/web/hicp
