Purchasing power –
Inflation has calmed down in 2024 in Switzerland
After accelerating in 2023, average annual inflation stood at 1.1% last year, despite increases in rents and electricity.
Published today at 10:40 a.m.
Consumer prices slowed their progression in 2024.
Yvain Genevay / Tamedia
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Consumer prices slowed their progression last year in Switzerland, after the acceleration observed in 2023, despite increases in rents and electricity prices, partially offset by a deceleration in gas and medicine prices.
In 2024, average annual inflation stood at 1.1%, after rising to 2.1% the previous year, the Federal Statistical Office (FSO) announced in a press release on Tuesday.
In December alone, inflation stood at 0.6% year-on-year. Over one month, the consumer price index (CPI) decreased by 0.1%. These data are consistent with the forecasts of economists surveyed by the AWP agency.
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