Summary
The National Consumer Price Index (CPI) remained stable at 106.9 points in December 2025. Price inflation compared to the previous year's month was only +0.1%, while the average annual price increase in 2025 reached +0.2%. This extremely low inflation rate demonstrates stable price development in Switzerland over the past year. The data comes from the Federal Statistical Office (FSO).
Persons
- Federal Statistical Office (FSO)
Topics
- Inflation and price stability
- Consumer Price Index
- Economic indicators 2025
Detailed Summary
The Federal Statistical Office (FSO) published the annual settlement of consumer prices for 2025 on January 8, 2026. The National Consumer Price Index (CPI), a key indicator for price inflation development, recorded no change from the previous month in December 2025 and remained stable at 106.9 index points (base period: December 2020 = 100).
In year-on-year comparison (December 2024 to December 2025), the inflation rate was +0.1%, indicating an extremely moderate price increase. Even more impressive is the average annual price increase across all twelve months of 2025, which amounted to only +0.2%. This development signals exceptionally stable price development and points to very low inflation dynamics.
Key Findings
- The CPI remained unchanged in December 2025 at 106.9 points
- Year-on-year comparison December 2024–2025: +0.1% inflation
- Average annual price increase 2025: +0.2% – extremely low
- Price stability in Switzerland remains assured
Stakeholders & Affected Groups
| Group | Impact |
|---|---|
| Consumers | Purchasing power remains stable, low inflation burden |
| Employees | Wage demands can remain moderate |
| Companies | Low cost increases, stable predictability |
| Monetary Policy Authorities | Confirmation of stable price development |
Opportunities & Risks
| Opportunities | Risks |
|---|---|
| High purchasing power stability for consumers | Deflationary tendencies could hinder investments |
| Planning security for companies | Very low inflation could dampen wage growth |
| Monetary policy flexibility | Overall economic dynamics potentially weak |
Action Relevance
Relevant for decision-makers:
- Confirmation of stable price development as a basis for financial planning
- Monitoring whether extremely low inflation is structural or cyclical in nature
- Consideration in wage and collective bargaining negotiations
Quality Assurance & Fact-Checking
- [x] Central statements and figures verified
- [x] All data directly from FSO
- [x] No unconfirmed information
- [x] No apparent political bias
Supplementary Research
- Swiss National Bank (SNB): Monetary policy statements on inflation
- OECD: Inflation comparisons in international context
- FSO: Detailed index components and sectoral inflation rates
Source Directory
Primary Source:
Press Release of the Federal Statistical Office – January 8, 2026
https://www.news.admin.ch/de/newnsb/1POPbeD9zTX33VpiJ3zDB
Verification Status: ✓ Facts checked on January 8, 2026
This text was created with the support of Claude.
Editorial responsibility: clarus.news | Fact-checking: January 8, 2026