Inflation fell in 2024 in Switzerland despite the rise in rents – rts.ch

The prices of consumer goods and services slowed their growth last year in Switzerland after the acceleration in recent years, despite increases in rents and electricity prices. These price increases were partially offset by a deceleration in gas and medicine prices.

>> Also read: Swiss growth in 2025 will be weaker than expected

In 2024, inflation stood at 1.1%, after rising to 2.1% the previous year, the Federal Statistical Office (FSO) announced on Tuesday. in a press release.

For the month of December alone, inflation reached 0.6% year-on-year. Over one month, the consumer price index (CPI) decreased by 0.1%.

Food, medicine and gasoline are cheaper

Over the last month of the year, the main contributors to the decline in inflation were food with a drop in prices of 0.9% compared to December 2023.

The cost of clothing and shoes (-1.4%), medicines (-2.8%), air transport (-4.6%), diesel (-5.4%) and gasoline ( -1.3%) also helped ease the pressure on the wallets of Swiss consumers.

>> Clothing and transportation saw the biggest price drops:

Rents continue to rise

The main item of expenditure for Swiss households, rents, on the other hand, increased by 3.4%, while international package trips (+3.8%) and coffee (+2%) also showed rising prices.

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