2023-07-12 11:33:36
Posted July 12, 2023 1:33 PM. Modified on July 12, 2023 1:44 p.m.
Central banks are relentlessly pursuing their fight against inflation. In almost all countries, the substantial fall in energy prices and the slackening of supply chains have led to a sharp decline in inflation compared to last year’s record highs. In Switzerland, the consumer price index fell below 2% in June for the first time in a year and a half, to 1.7%. The peak was reached last August at 3.5%.
Admittedly, inflation has temporarily returned to the range of 0 to 2%, which the Swiss National Bank (SNB) defines as price stability. But inflationary risks have not disappeared, warn economists at UBS in a study presented on Wednesday. The imminent increase in rents, in the wake of that of the reference rate, should in particular weigh on the consumer price index. UBS expects inflation to rise by 2.2% this year and 1.7% in 2024.
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