Inflation Switzerland 2019
Average inflation: 0.4%
Current Inflation
Inflation is very low at 0.4%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 0.7%. The lowest inflation was in October at -0.3%.
- Highest month
- March: 0.7%
- Lowest month
- October: -0.3%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Clothing and footwear with an average of 1.9%. The lowest price increase was in Recreation and culture with an average of -0.3%.
- Highest increase
- Clothing and footwear: 1.9%
- Lowest increase
- Recreation and culture: -0.3%
Historical Context
Current inflation is around the 5-year average of 0.1%.
- 5-year average
- 0.1%
- 10-year average
- 0%
- All-time high (2008)
- 2.4%
- All-time low (2015)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- October: -1.4 percentage points
ECB Target
Inflation is 1.6% 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 €100.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 0.6% | -0.1 |
| February | 0.6% | 0.0 |
| March | 0.7% | -0.1 |
| April | 0.7% | -0.1 |
| May | 0.6% | -0.4 |
| June | 0.6% | -0.5 |
| July | 0.3% | -0.9 |
| August | 0.3% | -0.9 |
| September | 0.1% | -0.9 |
| October | -0.3% | -1.4 |
| November | -0.1% | -1.0 |
| December | 0.2% | -0.5 |
| Average | 0.4% |
Data source
Data from OECD. Last updated: 13/01/2026.