Like for Switzerland it is

  • 2024 : 1.1
  • 2023: 2.1
  • 2022: 2.8
  • 2021: 0.6
  • 2020: -0.7

But it feels like much more, even not talking about insurance primes, but rent and food.

by vaynah

10 comments

  1. you are missing something – the limitations of the model.

  2. It’s not unreliable. Anecdotal observations are unreliable, because you tend to remember when you see a particularly large price increase. For instance, [food inflation](https://tradingeconomics.com/switzerland/food-inflation) has mostly been low or negative in the past few years in Switzerland, with the exception of one inflationary episode in 2022-23.

  3. I didn’t go and look up what the BfS (who I think publishes the inflation, but could be SNB as well, not sure) actually published for these years, but it’s very complicated.

    If you look at rent for example, then the prices you see on websites are the rents for contracts agreed now, but you don’t see what everyone who is still living in the same place for 10 years is paying. Then you also look at the country as a whole. rent in Zurich goes up, but there are places where it stagnates, like far back in the valleys with no bus connection. That also is taken into account for inflation calculation.

    I live in an apartment in Zurich with 3.5 rooms and 95sqm for 2380.- per month. When I rented it 10 years ago it was considered expensive, today it‘s a steal. But my rent hasn’t changed so my personal rent inflation in the last 10 years is 0%.

  4. You might find an answer to your question, if you compare your consumption basket vs the average consumption basket. I get somewhat higher inflation rates for my consumption (8.7% since 12.2019 vs 6.6% for the average basket, with food, rent as drivers):

    [https://lik-app.bfs.admin.ch/de/itr](https://lik-app.bfs.admin.ch/de/itr)

  5. Those numbers are based on the consumer price index. this index is an indicator that tracks price changes of a fixed amount of goods. The problem is that it does not represent the average consumers spending. For example only 2.4% of the index fall under the “health” category. an average consumer spends way more on this category. the index is only showing trends, not the “real” inflation and is therefore not that useful

  7. But many things went down as well, as the franc got stronger.

    And there will always be shortcomings of methodology. How does one define the price for a kilo of rice in a country? The least expensive? The average price? A reference brand? The most popular product? Normalized quality?

    And that’s for all goodd and services

  9. Insurance premiums aren’t included in the inflation data for statistical and economic reasons, as they aren’t consumer goods. Also, the premiums paid are returned to the population in the form of services, so the premiums aren’t the ‘end consumption’.

  10. Inflation is one thing, price tags are another.

    Ever since covid, there is a hysteria about inflation and rising prices, private businesses are abusing it, to increase prices and lower wages. But private businesses aren’t the only guilty ones, considering how the government used the hysteria about rising energy prices, to double taxes on electric energy.

Comments are closed.