The consumer price index (CPI) increased by 0.2% in January 2024 compared with the previous month, reaching 106.4 points (December 2020 = 100). Inflation was +1.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

The 0.2% increase compared with the previous month is due to several factors including rising prices for electricity and for hotels. Car insurances also recorded a price increase, as did meals taken in restaurants and cafés. In contrast, prices for air transport decreased, as did those for clothing and footwear, the latter due to seasonal sales.

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Swiss Consumer Price Index in January 2024