Inflation: Perceived inflation is lower than the official value

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According to the Comparis consumer price index, which shows the price development in regularly consumed goods, the price increase in daily consumption goods increased by 1.5 percent in June compared to the same month of the previous year. The national consumer price index from the Federal Statistics Office (BFS) rose further at plus 1.7 percent.

Before that, the price index collected since the beginning of the year together with ETH’s KOF economic research center has always been above the official values ​​of BFS. Low fuel prices have now contributed to the decline, Comparis said on Wednesday.

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.

Childless couples over the age of 65 experienced the highest inflation rate in the last 12 months. The perceived inflation rate for them was 2.0 percent. Single-person households under the age of 65, on the other hand, felt the price increase the least.

To their knowledge, the Comparis consumer price index, in collaboration with ETH’s KOF economic research centre, reflects perceived inflation by adjusting national consumer price index (LIK) data for rents and durable goods such as cars and furniture. LIK measures price changes using a representative basket of approximately 1050 goods and services.

(SDA)

Source :Blick