- 2024 : 1.1
- 2023: 2.1
- 2022: 2.8
- 2021: 0.6
- 2020: -0.7
But it feels like much more, even not talking about insurance primes, but rent and food.
Am I missing something or inflation rate based on World Bank data is unreliable?
byu/vaynah inSwitzerland
Posted by vaynah
5 Comments
you are missing something – the limitations of the model.
It’s not unreliable. Anecdotal observations are unreliable, because you tend to remember when you see a particularly large price increase. For instance, [food inflation](https://tradingeconomics.com/switzerland/food-inflation) has mostly been low or negative in the past few years in Switzerland, with the exception of one inflationary episode in 2022-23.
I didn’t go and look up what the BfS (who I think publishes the inflation, but could be SNB as well, not sure) actually published for these years, but it’s very complicated.
If you look at rent for example, then the prices you see on websites are the rents for contracts agreed now, but you don’t see what everyone who is still living in the same place for 10 years is paying. Then you also look at the country as a whole. rent in Zurich goes up, but there are places where it stagnates, like far back in the valleys with no bus connection. That also is taken into account for inflation calculation.
I live in an apartment in Zurich with 3.5 rooms and 95sqm for 2380.- per month. When I rented it 10 years ago it was considered expensive, today it‘s a steal. But my rent hasn’t changed so my personal rent inflation in the last 10 years is 0%.
You might find an answer to your question, if you compare your consumption basket vs the average consumption basket. I get somewhat higher inflation rates for my consumption (8.7% since 12.2019 vs 6.6% for the average basket, with food, rent as drivers):
[https://lik-app.bfs.admin.ch/de/itr](https://lik-app.bfs.admin.ch/de/itr)
Inflation is not cost of living adjustments…