Swiss National Bank · monthly
Core inflation

The core inflation series, kept as a deliberate alternate to headline CPI (ch_fso_cpi) because it is an analytical, derived measure, not a re-export of the raw price index. It is the canonical series for the Core inflation concept. The cube bundles four core-inflation definitions from two producers under one flat D0 dimension: the SNB's trimmed mean (KGM, the headline default) and the SFSO's Core inflation 1 (K1), Core inflation 2 (K2), plus the headline national CPI inflation rate (TLK) for reference. Values are year-on-year inflation rates in percent, not index levels. The KGM trimmed-mean history reaches back to 1983-12; the SFSO K1/K2 series start later (K1 from 2001-05 in the CSV), so the full span is driven by the SNB measure.
Recent values
| Date | Core inflation, trimmed mean |
|---|---|
| 2025-05-01 | 0.66 |
| 2025-06-01 | 0.75 |
| 2025-07-01 | 0.75 |
| 2025-08-01 | 0.64 |
| 2025-09-01 | 0.65 |
| 2025-10-01 | 0.57 |
| 2025-11-01 | 0.45 |
| 2025-12-01 | 0.46 |
| 2026-01-01 | 0.41 |
| 2026-02-01 | 0.35 |
| 2026-03-01 | 0.42 |
| 2026-04-01 | 0.45 |