Inflation Switzerland 2025
Average inflation: 0.1%
Current Inflation
Inflation is very low at 0.1%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 0.4%. The lowest inflation was in May at -0.1%.
- Highest month
- January: 0.4%
- Lowest month
- May: -0.1%
- Difference
- 0.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 1.5%. The lowest price increase was in Transport with an average of -2.1%.
- Highest increase
- Education: 1.5%
- Lowest increase
- Transport: -2.1%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 0.7%
- All-time high (2022)
- 2.8%
- All-time low (2015)
- -1.1%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- May: -1.5 percentage points
ECB Target
Inflation is 1.9% 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 €100.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 0.4% | -0.9 |
| February | 0.3% | -0.9 |
| March | 0.3% | -0.7 |
| April | 0.0% | -1.4 |
| May | -0.1% | -1.5 |
| June | 0.1% | -1.2 |
| July | 0.2% | -1.1 |
| August | 0.2% | -0.9 |
| September | 0.2% | -0.6 |
| October | 0.1% | -0.5 |
| November | 0.0% | -0.7 |
| December | 0.1% | -0.5 |
| Average | 0.1% |
Data source
Data from OECD. Last updated: 11/01/2026.