Financial services rose in price by 6.8% in August compared to the previous month in Switzerland. Inflation weakened compared to July, as also shown by the Comparis consumer price index.
This content was published on
2 minutes
Keystone-SDA
Español
es
Las comisiones bancarias aumentaron considerablemente en agosto
Of the products analysed by Comparis, bank fee prices rose the most last month. In view of the increased interest rates, a reduction would have been expected, Comparis financial expert Dirk Renkert was quoted as saying in Thursday’s announcement.
More
More
Five questions about the Swiss price watchdog’s inflation warnings
This content was published on
Switzerland has managed to tame high inflation in the last few months so why is the country’s price watchdog sounding the alarm on high prices?
In general, prices for Swiss everyday goods fell by 0.5% in August compared to the previous month, according to the Comparis consumer price index. The index reflects the price development of regularly consumed goods. The costs for private transport services, such as car rentals, fell the most.
Compared to the same month last year, prices increased by 1.6% in August. Official Swiss inflation, measured by the national consumer price index of the Federal Statistical Office, also rose sharply.
According to the report, single-person households aged 65 and over experienced the highest inflation last year. They recently felt an inflation rate of 2% compared to the previous year.
Inflation affects the lowest income bracket most severely. Consumer prices for this class were 1.8% higher in August than in the same month last year. Meanwhile, the middle to high income class was the weakest affected by annual inflation at 1.5% in August.
According to its own information, the Comparis consumer price index in cooperation with the KOF economic research centre at ETH reflects perceived inflation by adjusting the data from the national consumer price index (LIK) for rents and durable goods such as cars and furniture. The LIK measures price changes based on a representative basket of around 1,050 goods and services.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Deeply Read
More
Science
Switzerland says it can’t afford to take part in Copernicus programme
Swiss summit divides: neutrality under fire amid Ukraine conference
This content was published on
Leading figures in the Swiss Peoples' Party have argued Switzerland should not have hosted this weekend's summit without Russia.
This content was published on
Art dealers, collectors, and gallery owners from around the world wrapped up several multi-million-dollar deals at Art Basel.
Zelensky wants to ‘make history’ at Swiss peace summit
This content was published on
While Swiss President Viola Amherd spoke of modest objectives at the two-day Summit on Peace in Ukraine, her Ukrainian counterpart Volodymyr Zelensky was more proactive, saying he wanted to make history.
US announces $1.5 billion aid for Ukraine at Swiss peace summit
This content was published on
US Vice President Kamala Harris has announced more than $1.5 billion in aid in part for Ukraine’s energy sector and its humanitarian situation.
Zurich Pride: Nemo plays first gig since Eurovision triumph
This content was published on
Swiss singer Nemo performed on Friday night at Zurich’s Pride Festival. It was the artist’s first concert since winning the Eurovision Song Contest last month.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Make inflation a political priority, say Swiss consumer groups
This content was published on
The Swiss price watchdog convened the first summit on purchasing power on Tuesday to discuss ways to combat the growing financial burden on consumers.
This content was published on
The Swiss Trade Union Federation is calling for salary increases of 5% next year to cope with rising inflation and higher rents and health insurance premiums.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.