Saturday, March 25, 2023

Annual inflation in Switzerland is 2.8 percent

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Strongest increase in a long time

Annual inflation in Switzerland is 2.8 percent

Inflation rose to 2.8 percent in Switzerland in 2022. In the previous year, the inflation rate was still 0.6 percent. The strong increase is partly due to the Ukraine war.

In 2022, inflation in Switzerland rose sharply.

The inflation rate rose to 2.8 percent in 2022. This means that consumer goods are 2.8 percent more expensive on average than they were a year ago. The Ukraine war in particular drove up prices. In 2021, inflation in Switzerland was still 0.6 percent.

In international comparison, Switzerland is still doing relatively well. For comparison: In Germany, annual inflation has risen to 7.9 percent. This has never been so high since the founding of the Federal Republic.

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