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The latest inflation figures are encouraging for the Swiss people. Annual inflation decreased to 1.3 percent in January. In the previous month, this rate was 1.7 percent.
However, price development varies greatly by product category. Some products are still becoming significantly more expensive, others are becoming only moderately expensive, and some products are falling in price, sometimes significantly.
The decline in inflation can also be seen on a monthly basis: Food and non-alcoholic beverage prices increased by 0.4 percent in January. Consumers have to pay 4.4 percent more for sweet drinks and 3.7 percent more for coffee. Hazelnut and dried fruit prices are also increasing similarly. Mineral water is 4.5 percent more expensive.
Hotels are getting expensive
Cooking oil prices increased by 10 percent in a month. Fresh fish is 3.6 percent more expensive. Corks will definitely pop less on sparkling wine, because you’ll have to pay 17.2 percent more for the bottle.
In January, electricity prices increased by 17.8 percent and district heating prices increased by 4.7 percent.
Customers also have to dig into their pockets significantly more when it comes to hotel stays: plus 10.6 percent. Package holiday prices in Germany are increasing at almost the same rate. Tickets for mountain railways and ski lifts (keyword dynamic prices) are 3.6 percent more expensive than in the previous month.
Clothing prices are falling significantly
But consumers are significantly cheaper for a number of products. The discount on coats and jackets for women was 15.8 percent. For men’s jackets, this rate is minus 8 percent. Winter discounts continue in many stores in January. But clothing prices appear to be falling overall. Underwear is also almost 5 percent cheaper. In general, clothes and shoes are 7.8 percent cheaper in January compared to the previous month.
Some foods have also become cheaper: You pay 8.2 percent less for root vegetables and 11.7 percent less for cabbage vegetables. Fruit and vegetable prices fell by 6.3 percent.
Computers, fuel prices and flights
While heating oil became 4.6 percent cheaper compared to the previous month, gasoline and diesel prices fell just under 1 percent. Anyone who rents a car benefits from an 11.6 percent discount on private transportation. The gasoline discount was 3.8 percent.
Computers also became significantly cheaper, at minus 7.1 percent. Prices of living room and office furniture decreased by 2.9 percent, and prices of detergent and cleaning products decreased by 3.7 percent.
While hotel prices have increased significantly, a night in the para-hotel sector (holiday apartments, camping) costs 4.5 percent less. Those planning a holiday can also expect an 8.6 percent decrease in flights.
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.
