Inflation Switzerland 2021
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 November at 1.5%. The lowest inflation was in January at -0.5%.
- Highest month
- November: 1.5%
- Lowest month
- January: -0.5%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 4.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of -1.6%.
- Highest increase
- Transport: 4.0%
- Lowest increase
- Food and non-alcoholic beverages: -1.6%
Historical Context
Current inflation is around the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- -0.1%
- All-time high (2008)
- 2.4%
- All-time low (2015)
- -1.1%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.3 percentage point).
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- December: +2.3 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 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -0.5% | -0.7 |
| February | -0.5% | -0.4 |
| March | -0.2% | +0.3 |
| April | 0.3% | +1.4 |
| May | 0.6% | +1.9 |
| June | 0.6% | +1.9 |
| July | 0.7% | +1.6 |
| August | 0.9% | +1.8 |
| September | 0.9% | +1.7 |
| October | 1.2% | +1.8 |
| November | 1.5% | +2.2 |
| December | 1.5% | +2.3 |
| Average | 0.6% |
Data source
Data from OECD. Last updated: 11/01/2026.