Inflation Switzerland 2003
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 1.3%. The lowest inflation was in July at 0.3%.
- Highest month
- March: 1.3%
- Lowest month
- July: 0.3%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 1.9%. The lowest price increase was in Communication with an average of -0.4%.
- Highest increase
- Education: 1.9%
- Lowest increase
- Communication: -0.4%
Historical Context
Current inflation is around the 5-year average of 1.0%. This approaches the lowest level since records began (0.6% in 2003).
- 5-year average
- 1%
- 10-year average
- 1%
- All-time high (2000)
- 1.6%
- All-time low (2003)
- 0.6%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (+0.0 percentage point).
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- March: +0.8 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 0.8% | +0.3 |
| February | 0.9% | +0.2 |
| March | 1.3% | +0.8 |
| April | 0.7% | -0.4 |
| May | 0.4% | -0.2 |
| June | 0.5% | +0.2 |
| July | 0.3% | +0.4 |
| August | 0.5% | 0.0 |
| September | 0.5% | 0.0 |
| October | 0.5% | -0.7 |
| November | 0.5% | -0.4 |
| December | 0.6% | -0.3 |
| Average | 0.6% |
Data source
Data from OECD. Last updated: 13/01/2026.