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According to the Comparis consumer price index, daily consumption goods prices increased by 1.5 percent in June compared to the same month of the previous year. The index is also referred to as “perceived” inflation because it reflects the price evolution of goods consumed regularly. It is these that consumers perceive price changes most strongly.
The national consumer price index from the Federal Statistical Office (BFS) rose 1.7 percent from the previous year. Prior to this, the Comparis Index, which has been collected since the beginning of the year together with ETH’s KOF economic research centre, was always above the official values of BFS. Low fuel prices have now contributed to the decline, Comparis said on Wednesday.
Change compared to the same month (June) of the previous year.
- Strength: +25.5%
- Sugar: +13.7%
- Margarine, edible fats and oils: +13.4%
- Cocoa and chocolate powder: +9.7%
- Package tours: +8%
- Milk, cheese, eggs: +7.9%
- Liquor and snack drinks: 7.8%
- Bread, flour and cereal products: 7.2%
- Soft drinks: +7.1%
- Source: BFS/KOF/Comparis
Change compared to the same month (June) of the previous year.
- Strength: +25.5%
- Sugar: +13.7%
- Margarine, edible fats and oils: +13.4%
- Cocoa and chocolate powder: +9.7%
- Package tours: +8%
- Milk, cheese, eggs: +7.9%
- Liquor and snack drinks: 7.8%
- Bread, flour and cereal products: 7.2%
- Soft drinks: +7.1%
- Source: BFS/KOF/Comparis
Retirees most affected
However, it was stated in the communique that the prices of meals and package tours, which were stated to provide comparison service, remained high. Pet products and veterinary services for pets are also much more expensive than they were a year ago.
Single-person households over the age of 65 experienced the highest inflation in the last twelve months. The perceived inflation rate for them was 2.0 percent. Because the products and services they demand are more affected by inflation. Single-person households under the age of 65, on the other hand, felt the price increase the least.
Some everyday items have already become cheaper
However, given the recent price developments, consumers can breathe a sigh of relief. Prices of many everyday goods hardly rose from May to June. Package tours and dairy only slightly increased. Sugar, margarine, edible fats and oils and bread have become cheaper in the last month.
Change from previous month (May to June).
- Electricity: +0%
- Sugar: -3.5%
- Margarine, edible fats and oils: -3.8%
- Cocoa and chocolate powder: +1.4%
- Package tours: +0.9%
- Milk, cheese, eggs: +0.2%
- Liquor and snack drinks: +0.6%
- Bread, flour and cereal products: -0.3%
- Soft drinks: +0.2%
- Source: BFS/KOF/Comparis
Change from previous month (May to June).
- Electricity: +0%
- Sugar: -3.5%
- Margarine, edible fats and oils: -3.8%
- Cocoa and chocolate powder: +1.4%
- Package tours: +0.9%
- Milk, cheese, eggs: +0.2%
- Liquor and snack drinks: +0.6%
- Bread, flour and cereal products: -0.3%
- Soft drinks: +0.2%
- Source: BFS/KOF/Comparis
With the Comparis consumer price index, the national consumer price index (LIK) is adjusted for rentals and durable goods such as cars and furniture. LIK measures price changes using a representative basket of approximately 1050 goods and services. (SDA/smt)
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.
