Neuchâtel, 03.11.2022 – The consumer price index (CPI) remained stable in October 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).
At a glance
The Consumer Price Index (CPI) measures the change in prices of goods and services which are representative of the private households’ consumption in Switzerland. It indicates how much consumers have to increase or to decrease their expenditure to maintain the same volume of consumption, despite the variations in prices.
Average annual inflation rate
The term «inflation» is often used to describe the change in the annual average compared with the previous year. This percentage thus describes the change in level of the 12 months of the current year compared with the 12 months of the previous year.