Inflation Switzerland 2011

Average inflation: 0.3%

Current Inflation

Inflation is very low at 0.3%, well below the ECB target.

Peak and Trough

The highest inflation was in March at 1.0%. The lowest inflation was in December at -0.7%.

Highest month
March: 1.0%
Lowest month
December: -0.7%
Difference
1.7 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 2.4%. The lowest price increase was in Recreation and culture with an average of -3.3%.

Highest increase
Housing, water, electricity, gas and other fuels: 2.4%
Lowest increase
Recreation and culture: -3.3%

Historical Context

Current inflation is around the 5-year average of 0.7%.

5-year average
0.7%
10-year average
0.8%
All-time high (2008)
2.4%
All-time low (2009)
-0.5%

Trend

Inflation has remained relatively stable. Compared to 2010, the difference is minimal (-0.4 percentage point).

Change vs. previous year
-0.4 percentage points
Largest monthly swing
December: -1.2 percentage points

ECB Target

Inflation is 1.7% 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 €100.30 next year at this inflation rate.

Multi-year trend

Monthly figures 2011

Inflation by category

Food and non-alcoholic beverages
-3.3%
-3.6vs avg.
More details →
Alcoholic beverages, tobacco and narcotics
1.7%
+1.4vs avg.
More details →
Clothing and footwear
1.8%
+1.5vs avg.
More details →
Housing, water, electricity, gas and other fuels
2.4%
+2.1vs avg.
More details →
Furnishings, household equipment and maintenance
-1.3%
-1.6vs avg.
More details →
Health
-0.2%
-0.5vs avg.
More details →
Transport
1.1%
+0.8vs avg.
More details →
Communication
0.1%
-0.2vs avg.
More details →
Recreation and culture
-3.3%
-3.6vs avg.
More details →
Education
1.4%
+1.1vs avg.
More details →
Restaurants and hotels
1.5%
+1.2vs avg.
More details →
Miscellaneous goods and services
0.1%
-0.1vs avg.
More details →

Inflation differs per product group. Click on a category for the historical trend.

Month overview

Month Inflation Difference vs. 2010
January 0.3% -0.7
February 0.5% -0.4
March 1.0% -0.4
April 0.3% -1.1
May 0.4% -0.7
June 0.6% +0.1
July 0.5% +0.1
August 0.2% -0.1
September 0.5% +0.2
October -0.1% -0.3
November -0.5% -0.7
December -0.7% -1.2
Average 0.3%

Data source

Data from OECD. Last updated: 11/01/2026.

See also