Inflation Switzerland 2008
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in July at 3.1%. The lowest inflation was in December at 0.7%.
- Highest month
- July: 3.1%
- Lowest month
- December: 0.7%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 4.9%. The lowest price increase was in Communication with an average of -2.8%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 4.9%
- Lowest increase
- Communication: -2.8%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 1.2%. This approaches the highest level since records began (2.4% in 2008).
- 5-year average
- 1.2%
- 10-year average
- 1.1%
- All-time high (2008)
- 2.4%
- All-time low (2003)
- 0.6%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +1.7 percentage point.
- Change vs. previous year
- +1.7 percentage points
- Largest monthly swing
- August: +2.5 percentage points
ECB Target
Inflation is 0.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 2.4% | +2.3 |
| February | 2.4% | +2.4 |
| March | 2.6% | +2.4 |
| April | 2.3% | +1.8 |
| May | 2.9% | +2.4 |
| June | 2.9% | +2.3 |
| July | 3.1% | +2.4 |
| August | 2.9% | +2.5 |
| September | 2.9% | +2.2 |
| October | 2.6% | +1.3 |
| November | 1.5% | -0.3 |
| December | 0.7% | -1.3 |
| Average | 2.4% |
Data source
Data from OECD. Last updated: 11/01/2026.