a day agoA state like Switzerland: That was all inflation in November
Periskopi(6 months ago)
(6 months ago)While many countries face price hikes, Switzerland reports an inflation rate of exactly 0 percent in November. That means: no price increases é (ready) everything remains as cheap as last year!” hotel prices, tourist packages abroad, new cars and fresh vegetables have dropped, the office announced. [...]
Hotel prices, tourist packages abroad, new cars and fresh vegetables have dropped, the Federal Statistics Office announced.
The National Bank of Switzerland (SNB) has reason to be satisfied with this development. It aims at price stability between 0 and 2 percent, and it is now Switzerland.
And that happens, even though in many neighboring countries prices continue to rise. By comparison: In Germany inflation was recently 2.3 percent, reports BildFollow Periscope.
As of September, the SNB forecasted for 2025 only 0.2 percent inflation, while next year it is expected to reach 0.5 percent. So there are no signs of a price explosion!
The next decision on interest rates is expected on December 11th. Most experts expect the SNB to maintain the main interest rate at 0 per cent. That means: the loan remains free. Good for investments in companies and individuals.
