Switzerland: energy inflation rate by commodity 2024

The inflation rate of liquid fuel prices in Switzerland stood at 5.6 percent in May 2024. This was a decrease from June's peak of 88.1 percent. Electricity price inflation, on the other hand, has remained relatively stable throughout the period of consideration in the country.

Harmonized index of consumer prices (HICP) energy inflation rate in Switzerland from January 2019 to May 2024, by commodity

Characteristic	Energy	Gas	Liquid fuels	Electricity
May '24	7%	-9.5%	5.6%	17.9%
Apr '24	5.6%	-10.7%	1.5%	17.9%
Mar '24	3.9%	-9.9%	-5.7%	17.9%
Feb '24	3.3%	-10.2%	-6.3%	17.9%
Jan '24	2.2%	-9.9%	-16.7%	17.9%
Dec '23	5.6%	-3.2%	-15.2%	25.5%
Nov '23	4.1%	-3.2%	-15.8%	25.5%
Oct '23	5.7%	-1.2%	-16.2%	25.5%
Sep '23	7%	14.5%	-16.2%	25.5%
Aug '23	2.8%	14.6%	-26%	25.5%
Jul '23	-0.1%	14.7%	-29.8%	25.5%
Jun '23	0.6%	28%	-34.7%	25.5%
May '23	5%	30.6%	-31%	25.5%
Apr '23	8%	33.6%	-20.2%	25.5%
Mar '23	11.9%	38%	-6.9%	25.5%
Feb '23	17.7%	40.7%	7.5%	25.5%
Jan '23	20.9%	40.3%	24.2%	25.5%
Dec'22	16.3%	68.5%	37.8%	2.4%
Nov'22	18.7%	68.5%	40.9%	2.4%
Oct'22	20.9%	67.9%	57%	2.4%
Sep'22	24.1%	57.8%	68.1%	2.4%
Aug '22	27.9%	57.7%	86.2%	2.4%
Jul '22	27.8%	56.3%	76.2%	2.4%
Jun '22	28.7%	43.5%	88.1%	2.4%
May '22	24.8%	40.7%	81.9%	2.4%
Apr '22	23.6%	39.2%	75.6%	2.4%
Mar '22	20.6%	38.5%	54.5%	2.4%
Feb '22	18.2%	37.1%	48.4%	2.4%
Jan '22	17.1%	37%	42.3%	2.4%
Dec '21	14.9%	8.6%	36.8%	1.3%
Nov '21	17.8%	8.6%	57.6%	1.3%
Oct '21	15.7%	6.7%	50.1%	1.3%
Sep '21	11.1%	-3.6%	36.4%	1.3%
Aug '21	10.2%	-3.6%	27.3%	1.3%
Jul '21	10.5%	-3.6%	27.7%	1.3%
Jun '21	9.4%	-4%	25.9%	1.3%
May '21	9.1%	-4%	25.9%	1.3%
Apr '21	7%	-5.2%	20.6%	1.3%
Mar '21	3.9%	-5.3%	12.1%	1.3%
Feb '21	-1.9%	-5.6%	-7.3%	1.3%
Jan '21	-5.9%	-5.6%	-19.6%	1.3%
Dec '20	-8.1%	-6.5%	-22.1%	-0.4%
Nov '20	-9.4%	-6.5%	-28.6%	-0.4%
Oct '20	-9.6%	-6.5%	-28.6%	-0.4%
Sep '20	-9.7%	-6.4%	-30.1%	-0.4%
Aug '20	-9.8%	-6.4%	-25.5%	-0.4%
Jul '20	-10%	-6.4%	-26.4%	-0.4%
Jun '20	-10.3%	-6.5%	-24.6%	-0.4%
May '20	-12.3%	-6.5%	-33.1%	-0.4%
Apr '20	-9.6%	-5.2%	-29%	-0.4%
Mar '20	-6.2%	-5.3%	-23%	-0.4%
Feb '20	-2.4%	-5.3%	-11.7%	-0.4%
Jan '20	0.6%	-5.3%	4.1%	-0.4%
Dec '19	-1.3%	-1.4%	-5.7%	1.4%
Nov '19	-5.4%	-1.4%	-18.5%	1.4%
Oct '19	-4.6%	-1.4%	-15.5%	1.4%
Sep '19	-2.1%	6.3%	-7.2%	1.4%
Aug '19	-0.8%	6.3%	-7%	1.4%
Jul '19	-0.2%	6.3%	-4.1%	1.4%
Jun '19	-0.5%	7%	-7.7%	1.4%
May '19	1.7%	7%	0.6%	1.4%
Apr '19	2.5%	7%	2.1%	1.4%
Mar '19	3.4%	7.5%	7.6%	1.4%
Feb '19	1.8%	7.5%	5.9%	1.4%
Jan '19	0.5%	7.5%	-5.6%	1.4%

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Release date

March 2024

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Region

Switzerland

Survey time period

January 2019 to May 2024

Supplementary notes

According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.

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