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Press release
Embargo: 10.02.2020, 8:30
05 Prices
Swiss Consumer Price Index in January 2020
Consumer prices fell by 0.2% in January
The consumer price index (CPI) fell by 0.2% in January 2020 compared with the previous month,
reaching 101.5 points (December 2015 = 100). Inflation was +0.2% compared with the same month
of the previous year. These are the results of the Federal Statistical Office (FSO).
The decrease of 0.2% compared with the previous month can be explained by several factors
including falling prices for clothing and footwear due to seasonal sales. The prices for medicines and
international package holidays also declined. In contrast, prices for hotel accommodation and cars
increased.
Main results Index level % change compared with
January 2020 Base Dec. 2015 (=100) previous month January 2019
CPI: Total 101.5 –0.2 +0.2
– Core inflation * 100.5 –0.5 +0.2
– Domestic products 101.6 +0.1 +0.3
– Imported products 101.1 –1.3 –0.2
* Core inflation 1: Total excluding fresh and seasonal products, energy and fuel
SWISS FEDERAL STATISTICAL OFFICE FSO, ESPACE DE L’EUROPE 10, CH-2010 NEUCHÂTEL 1
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Press release FSO
New weighting of the basket of goods and services
To take into account trends in household consumer behaviour, the weighting of the basket of goods
and services has been updated every year since 2001.
The weighting of the CPI basket is based on the results of the annual Household Budget Survey
(HBS). This covers a random sample of 3000 private households drawn from the FSO random
sample register for surveys on individuals and households whose expenditure is surveyed in detail
and extrapolated to obtain the average structure of expenditure. For areas in which the HBS does
not provide sufficiently detailed information, other sources of data such as professional statistics
and market surveys are used. The new weights of the 2020 basket were calculated from the results
of the 2018 HBS.
Basket of goods and services of the Swiss consumer price index
Main groups and weightings, 2019 and 2020
Weights in %
2019 2020
Total 100.000 100.000
Food and non-alcoholic beverages 10.673 10.539
Alcoholic beverages and tobacco 2.813 2.756
Clothing and footwear 3.644 3.404
Housing and energy 25.149 24.959
Household goods and services 3.727 3.790
Healthcare 15.466 15.689
Transport 10.752 10.969
Communications 2.969 2.944
Recreation and culture 8.797 8.373
Education 1.065 0.997
Restaurants and hotels 9.428 9.464
Other goods and services 5.517 6.116
More detailed information can be found in FSO News which can be downloaded from the following
address: www.CPI.bfs.admin.ch
SWISS FEDERAL STATISTICAL OFFICE FSO, ESPACE DE L’EUROPE 10, CH-2010 NEUCHÂTEL 2

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Press release FSO
Harmonised Index of Consumer Prices (HICP)
In January 2020, the Swiss Harmonised Index of Consumer Prices (HICP) stood at 100.80 points
(base 2015=100). This corresponds to a rate of change of −0.4% compared with the previous month
and of +0.2% compared with the same month the previous year.
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
www.ipch.bfs.admin.ch. 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 January 2020 on 21 February 2020. You
will find the HICP results on the Eurostat website at the following address:
https://ec.europa.eu/eurostat/web/hicp
Information
Info CPI, FSO, Prices section, tel.: +41 58 463 69 00, email: [email protected]
FSO Media Service, tel.: +41 58 463 60 13, email: [email protected]
Online
Further information and publications: www.cpi.bfs.admin.ch
Statistics counts for you: www.statistics-counts.ch
NewsMail subscription in German, French and Italian: www.news-stat.admin.ch
FSO website: www.statistics.admin.ch
Access to results
This press release has been established on the basis of the European Statistics Code of
Practice, which ensures the independence, integrity and accountability of national and
community statistical offices. Privileged access is supervised and under embargo.
The Swiss National Bank received the results of the CPI four working days before publication as
required by the legislation in force and the conduct of its monetary policy. The news agencies
received this press release with an embargo of 15 minutes.
In order to update the economic forecasts, the State Secretariat for Economic Affairs receives the
results of the CPI four working days before publication as well, but only for the months of
February, May, August and November.
SWISS FEDERAL STATISTICAL OFFICE FSO, ESPACE DE L’EUROPE 10, CH-2010 NEUCHÂTEL 3

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Press release FSO
Swiss Consumer Price Index, December 2015 = 100
Indices and change rates in January 2020
Position Weight in % Index Change in % ov er Contribution to the
prev ious January monthly change
month 2019
Total 100.000 101.5 -0.2 0.2 -0.216
Major groups
Food and non-alcoholic bev erages 10.539 102.2 -0.2 -1.0 -0.017
Alcoholic bev erages and tobacco 2.756 103.1 0.7 0.8 0.019
Clothing and footw ear 3.404 100.0 -6.9 2.4 -0.235
Housing and energy 24.959 104.0 0.0 0.7 -0.010
Household goods and serv ices 3.790 96.7 -1.4 0.4 -0.051
Healthcare 15.689 97.4 -0.5 -0.8 -0.083
Transport 10.969 102.3 0.0 0.1 0.000
Communications 2.944 99.6 0.1 0.1 0.002
Recreation and culture 8.373 100.9 -0.5 -0.4 -0.044
Education 0.997 103.5 0.0 0.9 0.000
Restaurants and hotels 9.464 104.0 2.5 1.2 0.235
Other goods and serv ices 6.116 98.7 -0.5 0.2 -0.030
Type of products
Goods 39.425 101.1 -0.8 -0.1 -0.310
Non durables 25.490 102.9 -0.1 -0.4 -0.031
Semi durables 6.267 99.2 -4.1 1.8 -0.256
Durables 7.668 96.9 -0.3 -0.6 -0.022
Serv ices 60.575 101.7 0.2 0.4 0.094
Priv ate Serv ices 50.483 102.5 0.3 0.6 0.129
Public Serv ices 10.092 98.0 -0.4 -0.9 -0.035
Origin of products
Domestic products 75.675 101.6 0.1 0.3 0.091
Imported products 24.325 101.1 -1.3 -0.2 -0.307
Addditional classifications
Health care 15.689 97.4 -0.5 -0.8 -0.083
Index w ithout health care 84.311 102.2 -0.2 0.4 -0.133
Housing rental 18.519 103.3 0.0 1.0 0.000
Index w ithout housing rental 81.481 101.1 -0.3 0.0 -0.216
Petroleum products 2.921 117.9 0.6 2.2 0.018
Index w ithout petroleum products 97.079 101.0 -0.2 0.1 -0.234
Tobacco products 1.670 102.4 0.2 0.3 0.003
Index w ithout tobacco products 98.330 101.5 -0.2 0.2 -0.219
Alcoholic bev erages 2.180 103.7 0.7 1.2 0.016
Index w ithout alcoholic bev erages 97.820 101.4 -0.2 0.2 -0.232
Clothing and footw ear 3.404 100.0 -6.9 2.4 -0.235
Index w ithout clothing and footw ear 96.596 101.5 0.0 0.1 0.020
Administered prices 23.113 98.2 -0.6 -1.0 -0.141
Index w ithout administered prices 76.887 102.4 -0.1 0.6 -0.075
Core inflation 11 89.731 100.5 -0.5 0.2 -0.464
Fresh and seasonal products 4.882 107.0 5.0 -0.8 0.244
Energy and fuels 5.387 111.8 0.1 0.6 0.004
Core inflation 22 68.927 101.5 -0.5 0.6 -0.343
1
Core inflation 1 = total w ithout fresh and seasonal products, energy and fuels.
2Core inflation 2 = Core inflation 1 w ithout products w hose prices are administred.
SWISS FEDERAL STATISTICAL OFFICE FSO, ESPACE DE L’EUROPE 10, CH-2010 NEUCHÂTEL 4

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Press release FSO
Swiss Consumer Price Index, December 2015 = 100
Principal contributions to change in the global index in January 2020
Position Contribution to the
change of the global
index compared to the
last surv ey period		 Weight
in %		 Index Change in %
ov er prev ious
month		 Change in %
ov er same
month of
prev ious y ear
Medicines -0.045 3.315 93.1 -1.4 -1.9
International package holiday s -0.043 1.981 103.8 -2.2 -2.3
Air transport -0.034 0.715 91.7 -4.8 -1.8
Women’s coats and jackets -0.031 0.262 99.4 -12.0 4.8
Women’s footw ear -0.026 0.368 92.6 -7.0 0.3
Tax es for priv ate v ehicles and driv ing school -0.026 0.298 90.4 -8.6 -8.9
Women’s jumpers -0.025 0.323 102.2 -7.7 4.0
Women’s trousers -0.024 0.224 96.6 -10.6 -2.8
Household insurance (including priv ate third-party insuranc -0.022 0.353 90.6 -6.1 -6.1
Glasses and contact lenses -0.021 0.418 97.5 -5.1 -5.2
Car insurance -0.021 0.732 84.1 -2.8 -2.8
Men’s footw ear -0.019 0.222 88.8 -8.6 1.4
Home care Spitex -0.018 0.505 98.3 -3.6 -3.6
Bedroom furniture -0.016 0.434 95.1 -3.7 -0.2
Books and brochures -0.014 0.266 101.6 -5.3 0.6
Gas -0.013 0.499 107.6 -2.6 -5.3
Men’s suits -0.011 0.068 96.2 -16.3 -5.0
Men’s trousers -0.011 0.177 102.8 -6.1 5.6
Other clothing accessories -0.011 0.112 94.8 -9.6 15.2
Jackets for men -0.010 0.160 106.5 -6.3 6.6
Men’s knitw ear -0.010 0.144 102.4 -7.0 6.8
Electricity -0.007 1.723 104.6 -0.4 -0.4
Women’s blouses -0.007 0.109 113.1 -6.4 0.7
Children’s knitw ear -0.007 0.055 90.4 -13.1 -2.3
Liv ing room and home office furniture -0.007 0.402 96.8 -1.9 -0.3
Bed linen and accessories -0.007 0.144 94.5 -4.5 -1.4
Detergents and cleaning products -0.007 0.284 96.5 -2.6 -1.6
Sausages -0.006 0.461 106.9 -1.3 6.5
Salad v egetables -0.006 0.197 113.2 -2.9 -3.2
Children’s footw ear -0.006 0.100 93.8 -6.1 5.2
Dried fruit and nuts -0.005 0.195 99.7 -2.5 -1.6
Root v egetables -0.005 0.146 92.3 -3.5 -10.6
Men’s underw ear -0.005 0.082 92.5 -6.3 -5.0
Women’s skirts and dresses -0.005 0.149 119.3 -3.3 4.5
Women’s underw ear -0.005 0.197 102.4 -2.4 3.4
Bicy cle maintenance -0.005 0.058 100.2 -8.2 -0.9
Personal computers -0.005 0.184 72.1 -2.5 -9.8
[…]
Beef 0.005 0.407 110.5 1.2 2.1
Coffee (retail) 0.005 0.344 100.9 1.4 0.0
Fruit or v egetable juices 0.005 0.158 95.9 2.9 -0.8
Dental serv ices 0.005 1.481 108.7 0.3 1.1
Hair-care products 0.005 0.086 94.2 5.6 0.2
Citrus fruit 0.006 0.113 115.5 4.9 2.8
Ice-cream 0.006 0.118 106.6 5.1 -0.5
Wood logs 0.006 0.107 100.7 5.3 8.9
Products for face care and make-up 0.006 0.246 92.7 2.4 -3.2
Sparkling w ine 0.007 0.060 114.2 12.0 -2.8
Domestic package holiday s 0.007 0.250 106.6 2.6 -1.2
Public transport: direct serv ice 0.010 1.197 100.8 0.8 -2.4
Petrol 0.011 1.501 111.3 0.7 2.7
New cars 0.016 2.355 102.1 0.7 1.7
Second-hand cars 0.021 1.203 97.9 1.8 0.0
Hotels 0.235 1.352 113.9 17.4 3.7
SWISS FEDERAL STATISTICAL OFFICE FSO, ESPACE DE L’EUROPE 10, CH-2010 NEUCHÂTEL 5

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Press release FSO
G1 Swiss Consumer Price Index (December 2015 = 100): index evolution
104
102
100
98
96
I/2013 I/2014 I/2015 I/2016 I/2017 I/2018 I/2019 I/2020
G2 Swiss Consumer Price Index: change in %
Change over previous month Change over same month of previous year
1.5 1.5
1.0 1.0
0.5
0.5
0.0
0.0
-0.5
-0.5
-1.0 -1.0
-1.5 -1.5
I/2017 I/2018 I/2019 I/2020 I/2017 I/2018 I/2019 I/2020
G3 Swiss Consumer Price Index (December 2015 = 100): Type and origin of products
Type of products Origin of products
106 106
104 104
102 102
100 100
98 98
96 96
I/2017 I/2018 I/2019 I/2020
I/2017 I/2018 I/2019 I/2020
Tota l Ser vices Goo ds Tota l
Domestic g oods
Imp orte d g oods

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