Over the month of December 2022, Switzerland’s consumer price index (CPI) fell by 0.2%, bringing the annual inflation rate for 2022 to +2.8%, according to Switzerland’s Federal Statistical Office (FSO). Photo by Karolina Grabowska on Pexels.comThe modest deflation during December 2022 was driven by several factors including falling prices for fuels and heating oil. The prices for fruiting vegetables also declined, along with the prices for medicines. During 2022, prices for domestic products increased by 1.6% on average, while the prices of imported products increased by 6.7%. Over the last three years combined Switzerland’s CPI has risen by 2.7%, equivalent to an annualised rate of 0.9%.

Source: Le News January 06, 2023 23:54 UTC