Inflation rises to number 1 on Swiss concerns

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Shame to fly and envy to fly seems like Switzerland’s motto: Just six months ago, the population’s main concern was climate change. Inflation is now #1 – and above all the concern of rising airfares.

This is the result of the latest survey by the comparison service Comparis. 69 percent of respondents said they were worried about inflation in Switzerland. Global inflation worries even 71 percent. Climate change ranks second with 65 percent, followed by supply bottlenecks with 57 percent.

In December, at the time of the last survey, inflation in Switzerland was still 64 percent, while climate change was 68 percent. Now the tide has clearly changed.

“With rising prices, it seems to be losing some of its climate change terror,” Comparis expert Michael Kuhn said in a statement. Only 8 percent of all respondents want their CO₂-Compensate for emissions from air travel or sea travel – compared to 13 percent in 2021. Only 24 percent want to give up air travel for the sake of climate. In 2021 it was still 29 percent.

Furniture and cars have to wait

65 percent state that holidays have become more expensive due to inflation. In fact, prices have increased significantly, especially for air travel – by 40 percent, according to Comparis. Survey respondents are even more worried about heating price increases: 72 percent say they feel high energy prices in their wallets.

Survey respondents also adapt their behavior because of inflation: 52 percent of those who are worried about inflation say they have given up on major purchases, such as buying furniture or a car. Switzerland behaved similarly during the corona epidemic, delaying expensive purchases.

A small minority go even further: 5 percent of those worried about inflation want to pawn jewelry or other valuables to get cash. 4% want to take out a loan.

Revival in shopping tourism

Major concerns about inflation are causing respondents to look with distaste to the future: 27 percent think their financial situation will worsen next year. In addition to inflation in general, pessimism is specifically caused by rising health insurance premiums, higher rents and more expensive housing loans.

In order to save, those affected want to shop smarter, for example, through promotions, at discounters or by crossing the border. 24 percent want to use shopping tourism to their advantage. Even 54 percent in Ticino.

Source :Blick