© Pornchai Soda | Dreamstime.comCompared to many other nations, 1.6% annual inflation is low. Over the month of January 2022, US inflation was 0.6%, three times the monthly rate recorded in Switzerland. January inflation in Switzerland was largely driven by rising gas prices, higher hotel prices and higher second hand car prices, said the FSO. While Switzerland’s recent 1.6% annual rate of inflation is comparatively low by international standards, it is fairly high for Switzerland. In addition, since 2008, Switzerland has experienced regular periods of negative inflation (deflation), the highest occurring in 2015 (-1.4%).

Source: Le News February 11, 2022 11:48 UTC