The consumer price index (CPI) remained unchanged in December 2023 compared with the previous month at 106.2 points (December 2020 = 100). Inflation was +1.7% compared with the same month of the previous year. The average annual inflation reached +2.1% in 2023. These are the results of the Federal Statistical Office (FSO). Average annual inflation for 2023 corresponds to the rate of change between the annual average of the CPI for 2023 and that for 2022. The annual average is equal to the arithmetic mean of the 12 monthly indices of the calendar year. Average annual inflation was +2.1% in 2023. This increase was due ... (full story)