Switzerland's core CPI fell to 0.7% year-on-year in December, the lowest since November 2021

According to Jinshi Data, Switzerland's overall CPI growth slowed to 0.6% year-on-year in December, and the core CPI fell to 0.7% year-on-year, lower than the expected 0.8% and 0.9% in November.

December's core inflation rate was the lowest since November 2021. Inflation in Switzerland is expected to fall sharply in early 2025, as a 17.8% increase in electricity costs in January 2024 is replaced by a 10% decrease in January 2025.