Basic foods are 20 percent more expensive than last year

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Milk, cheese and eggs were 8.5 percent more expensive in March than a year earlier, as Comparis explained on Tuesday, citing the Comparis consumer price index. High costs for energy, feed and fertilizer, and crop shortages have driven food prices up. In the statement, it was stated that these will not fall quickly.

Fuel prices fell 7.4 percent compared to March last year, according to Comparis. Healthcare also cost 3.6 percent less, and telecommunications prices fell 3.4 percent.

According to the Comparis consumer price index, the prices of daily consumption goods increased by 3.5 percent in March 2023 compared to the same month of the previous year. Childless couples over the age of 65 experienced the highest inflation rate in the last 12 months. The perceived inflation rate for them was 3.9 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. The LIK measures price changes using a representative basket of approximately 1,050 goods and services.

(SDA)

Source :Blick