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Swiss Consumer Price Index in April 2020: -1.1 percent YoY, -0.4 percent MoM

05.05.2020 – The consumer price index (CPI) fell by 0.4% in April 2020 compared with the previous month, reaching 101.3 points (December 2015 = 100). Inflation was –1.1% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

The 0.4% decrease compared with the previous month can be explained by several factors including falling prices for air transport. Hotel accommodation also recorded a price decrease, as did petroleum products. In contrast, prices for vegetables and clothing increased.

Switzerland Consumer Price Index (CPI) YoY, April 2020

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Switzerland Consumer Price Index (CPI) YoY, April 2020

Source: - Click to enlarge

Harmonised Index of Consumer Prices (HICP)

In April 2020, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.87 points (base 2015 = 100). This corresponds to a rate of change of +0.1% compared with the previous month and of –1.0% compared with the same month the previous year. Due to the effects of the pandemic, the same missing price imputation techniques used for the CPI were introduced for the HICP.

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 A methodological note, the 2020 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 April 2020 on 20 May 2020. You will find the HICP results on the Eurostat website at the following address:



Download press release: Consumer prices fell by 0.4% in April

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Swiss Statistics
The Swiss Federal Statistics Office publishes information on the situation and developments in Switzerland in a multitude of fields and plays a part in enabling comparisons at an internal level.
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