Forecast Headline Inflation per October 1, 2025 for next 4 years and 3 months based on NNAR AI (scrolling with mouse over graph)
Based on the evolution of HCPI, GDP deflator and PPI in Switzerland vs. other countries (World Bank Data) Swiss inflation HCPI would be lower and less volatile compared to other countries (for examples to compare with Germany, Great Britain, and Japan here in World Bank menu).
NNAR Forecast FRP4 Upper LImit based on 10-year Government Bond Yield (Y10) per October 1, 2025 for next 3 years. For the year 2026 (started per 30 September 2025) the FRP4 level is 2.85% (= 2.5% + E[Y10 over year]). Due to reducing inflation, Y10 is stable and reducing as well. (scrolling below lefts-rights to see historical data)
