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flag Swiss inflation stayed at 0.1% in January 2026, with deflation risks due to a strong franc, but the central bank holds rates steady.

flag Switzerland's annual inflation rate held steady at 0.1% in January 2026, unchanged from December and in line with forecasts, with core inflation also flat at 0.5%. flag Monthly prices dipped 0.1%, driven by lower electricity, clothing, and imported goods costs. flag A strong Swiss franc continues to suppress import prices, raising concerns about deflationary pressures, though the SNB maintains its 0% policy rate. flag The central bank emphasizes medium-term price stability over short-term fluctuations, with inflation expected to gradually rise toward its 1% target by 2027.

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