Not all inflation is the same: The monthly price increase in the national consumer price index often has little to do with the realities of life. There is a big difference between measured and felt inflation.
How this behaves is regularly measured by the Compis comparison service in conjunction with the Center for Economic Research (KOF) of the Swiss Federal Institute of Technology. Perceived inflation in September was well above the federal government’s official inflation rate. Price increases for durable goods such as rent or furniture are calculated from the Comparison Index.
Women’s and children’s clothing is more expensive
Rentals react to price increases with a certain delay, and you don’t buy a new sofa every day. But when the prices of everyday goods or clothing rise, consumers immediately sense it.
And especially consumers: Women’s clothing prices increased by 6.2 percent in September compared to the previous month. A price increase that is well above the annual inflation measured at 3.3 percent. “Higher purchase prices, increased shipping costs and sometimes interrupted supply chains from Asia are the causes of higher textile prices,” explains Michael Kuhn (43) from Comparis.
Spicy: Only women’s clothing prices have risen so much that men get away much cheaper. If you add in the above-average price increases in children’s clothing, families in particular feel that the prices have increased much more than the official figures.
Christian Kolbe
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.
