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Swiss National Bank · monthly

Core inflation

0.4latest · 2026-04-01
1983-12-01 – 2026-04-01
Core inflation chart

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

DateCore inflation, trimmed mean
2025-05-010.66
2025-06-010.75
2025-07-010.75
2025-08-010.64
2025-09-010.65
2025-10-010.57
2025-11-010.45
2025-12-010.46
2026-01-010.41
2026-02-010.35
2026-03-010.42
2026-04-010.45