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.
Popular Stories
More
Climate change
The international consequences of a glacier-free Switzerland
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
‘Pressure will increase on Switzerland to invest more in defence’
This content was published on
Markus Mäder, Switzerland's state secretary for security policy, believes that more cooperation is needed in order to strengthen defence in Europe.
Just one in five Swiss attend a religious service at Easter
This content was published on
Only one in five people in Switzerland attend a religious service during the Easter period or give up meat or alcohol for at least one day of fasting. Around 25% of those polled see Easter primarily as a family holiday, according to the survey.
Major road disruptions continue after heavy snowfall in parts of Switzerland
This content was published on
The snowfall has ended in the southern Swiss canton of Valais, the cantonal emergency services said on Friday. Several roads, however, remain closed.
Swiss businessman gets prison term for asbestos deaths
This content was published on
Stephan Schmidheiny has been sentenced to 9 years and 6 months in prison by the Turin Court of Appeal in a case against the former Eternit executive over deaths linked to asbestos exposure in Italy.
This content was published on
Swiss imports and exports reached new heights in the first quarter, driven by the chemicals and pharmaceuticals sectors. Shipments to the US rose sharply.
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.