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The development of inflation has once again been positive for the Swiss people. In February, annual inflation decreased by another 0.1 point to 1.2 percent. In December, the rate was still 1.7 percent.
Price developments, especially in food and non-alcoholic beverages, are encouraging. These increased by 0.6 percent in January. As current data from the Federal Statistical Office shows, in February customers should spend on average 0.4 percent less at the counters for these products.
Looking at the table, we see this: Food and beverage prices are generally decreasing. If you shop privately, you can fill your shopping cart cheaper: rice, for example, costs 5.8 percent less on average. The decrease was 2.2 percent in pasta and 2.1 percent in fish and seafood.
Is there a comeback in olive oil?
The price of olive oil increased by 7.4 percent in January. Drought has long reduced supply at the popular food refinery, causing prices to rise. There was a minor reversal in the trend in February. A bottle of olive oil costs an average of 1.3 percent less.
There was a 4.7 percent decrease in frozen fruits. Fresh fruit prices are also falling. The price of fruits was 15.2 percent less in February. Customers also have to pay an average of 2.8 percent less for coffee. If you want to complete your meal at home with a dessert, you can save 3.1 percent on ice cream.
Traveling is becoming significantly more expensive
But consumers need to dig deeper into their pockets for Swiss red wine (+3.3 percent), sugar (+3.5 percent) or other cooking oils, as well as olive oil (+2.8 percent).
Travel and holiday prices rose particularly sharply in February: flight prices rose by 17.7 percent. A similar increase is seen in the para-hotel sector, which also includes holiday homes, youth hostels, group accommodation and camping sites: plus 17.4 percent.
Package holidays will be 5.4 percent more expensive. This is mainly due to seasonal fluctuations in tourism: there are sports holidays in February weeks; This is when high season prices apply. The cost of renting a private car increases by 20 percent.
More and more banks are lowering account fees
After the winter discounts, there is an increase in clothing prices again: Men’s clothing prices are 3.2 percent higher on average. There was a 4.7 percent increase in women’s clothing. You have to pay almost 10 percent more for women’s trousers and blouses.
Bargaining seems possible on television right now. Prices fell by 7.6 percent in February. Printed products also became cheaper by 6.3 percent. Prices of beauty care products and cosmetics dropped by 4 percent.
Interest rates also need to be better reflected in the account: More and more banks are lowering account fees. Wages fell 4.9 percent in February.
On the other hand, apartment rents unsurprisingly increased by 0.8 percent in February.
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.
