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Inflation still grips Switzerland tightly. Prices in all goods and products increased by 2.2 percent in May. “General inflation in Switzerland remains high and there are still no signs of a sustained, substantial decline in price levels,” says Comparis finance expert Michael Kuhn, 43.
But that’s only one side of the coin. Because some products still become very expensive, especially when shopping every day. The consumer price index for everyday goods collected by ETH’s Comparis and KOF Center for Economic Research increased by 2.5 percent in May compared to the same month last year. And it reveals some surprising findings.
Women pay more for shoes and dresses
When it comes to purchasing shoes, there is a gender gap that has been opening more and more since 2022. In May, women’s shoes were 3.1 percent more expensive than the previous month. But there is no such price increase for men: “Men’s shoes can usually be sold for several seasons, while women’s shoes are more subject to fashion trends,” explains Kuhn.
This increases the risk of shoe sellers sitting on the merchandise. This risk is one of the main reasons for the high prices of women’s shoes. The same can be observed in clothing.
While women’s clothing has increased by 20 percent in the last two decades, men’s clothing prices have increased by only 12 percent.
Expensive daily life
But day-to-day shopping also costs more. Baking and baking, in particular, is getting more and more expensive. Sugar, for example, rose 4.5 percent from April alone, and almost 20 percent in a year. Margarine, edible fats and oils, as well as butter, should go deep in the wallet. After all, the price of butter dropped a little in May. But it still costs significantly more than a year ago.
Even the chocolate powder on the cappuccino is more expensive. As well as bread, flour and cereal products. The increase in milk, cheese and egg prices is also higher than the average price increase in Switzerland.
Rents go up in the fall
The price of many vegetables increased in May due to bad weather conditions. Anyone who relied on healthy food especially felt this price increase in their wallets.
And it’s just a small consolation that in the fall the entire national index of consumer prices can once again rise faster than the index of everyday goods. Because then, at the beginning of June, the rent increases triggered by the increase in the reference interest rate will be felt.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
