Swiss consumer prices rise 1.5 per cent as fuel gets dearer
Swiss consumer prices increased 1.5 per cent in October from a year earlier, with energy and fuel prices rising much faster than the overall basket. The monthly increase was 0.2 per cent. Imported goods became dearer while domestic product prices fell during the month, and core inflation excluding fresh and seasonal products, energy and fuel remained at 0.5 per cent annually.
Economics & Markets··Evening
Fuel prices lift the October basket
Consumer prices in Switzerland rose 1.5 per cent in October from a year earlier, according to the Federal Statistical Office. Heating oil, petrol and diesel became more expensive during the month, while core annual inflation excluding fresh and seasonal products, energy and fuel was 0.5 per cent.[1], [2]
The national consumer price index increased 0.2 per cent from September to 101.7 points, with December 2025 equal to 100. Energy and fuel prices rose 3.5 per cent over the month and 15.9 per cent over the year. Within that group, petroleum products increased 6.4 per cent monthly and 40.3 per cent annually. The monthly increases were 9.8 per cent for heating oil, 4.9 per cent for petrol and 6 per cent for diesel.[1]
Imported products rise as domestic prices fall
Imported product prices increased 1.2 per cent in October and 3.7 per cent over the year. Domestic product prices fell 0.1 per cent during the month but remained 0.8 per cent above their year-earlier level. The core index stood at 100.6 points and was unchanged from September. Its exclusions cover both fresh and seasonal products and the energy and fuel categories.[1]
Goods prices rose 0.8 per cent during the month, while services became 0.2 per cent cheaper. Their annual increases were 1.9 per cent and 1.2 per cent respectively. Women’s and men’s footwear and outpatient hospital medical services contributed to the monthly increase. Medical services at local surgeries, international package holidays and hotel prices moved downward. Food and non-alcoholic beverages rose 0.3 per cent monthly but fell 0.2 per cent annually; rents were flat monthly and rose 1.6 per cent annually.[1]
European comparison index rises 1.6 per cent annually
Switzerland’s harmonised consumer price index increased 0.4 per cent monthly and 1.6 per cent annually to 101.77 points, using a 2025 average base of 100. This supplementary series applies the common European comparison method separately from the national index. Eurostat, the European statistical office, is scheduled to publish other European countries’ October harmonised indices on November 18.[1]
