Posted on30. May 2022, 07:36
Prices are historically high and will continue to rise. But not all are hit equally hard. Individual currency depreciation can be determined at the Federal Statistical Office.
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Drivers now have to pay an especially high premium.
20 minutes / Matthias Spicher
Due to high price increases, they pay more than the average household.
20 mins / Stevan Bukvic
The price increase for an average household between April 2021 and April 2022 was 2.5%.
IMAGO / Westend61
Prices for food, housing and cars are soaring in April, stronger than ever since the financial crisis. According to the Federal Statistical Office (FSO), household spending increased by an average of about 2.5 percent between April 2021 and April 2022.
The shock of the road is much less than that of overseas. For example, in April, inflation was over 7%. in Germany and over 8 percent. in Usa. But for Switzerland, 2.5 percent is a lot compared to history, says Rudolf Minsch, chief economist at the Economiessuisse umbrella organization, about 20 minutes.
“Switzerland has had low inflation rates for 30 years, which has been very good for the economy and the people of the country,” says Minsch. Economic historian Tobias Straumann of the University of Zurich also expects prices to rise further, he said when asked.
2,200 francs loss of purchasing power
For families, inflation already means a loss of purchasing power to 2,200 francs, says Daniel Lampart, chief economist of the Swiss Trade Union Confederation (SGB). Accordingly, the SGB is doing everything in its power to ensure that the cost of living is adjusted and that wage increases are actually made in the wage increase. This is realistic as Swiss companies charge high prices and therefore have a margin on higher wages.
However, depending on consumption, households are affected to a different extent by price increases as prices have developed differently as well. The online FSO inflation calculator can be used to compare whether your own household is affected more or more than the average (see box).
20 minutes does the calculations and shows how big the price shock is for the three types of consumers from April 2021 to April 2022 (not including the cost of health insurance and other goods and services such as insurance).
Student
She is frugal, buys little and lives in an apartment. He doesn’t have a car, he only rides a bike. He usually doesn’t use public transport either. Pays monthly:
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Housing and Energy: 630 Fr.
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Food and drink (alcoholic): 540 Fr.
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Clothing and footwear: 100 Fr.
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Leisure and culture: CHF 100
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Restaurants and hotels: zero Fr.
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Transport (including petrol and maintenance): zero Fr.
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Inflation: +1.6%, difference to the average: -0.9 points
Driver
She buys a lot, just bought an expensive car and lives in a large apartment. In his spare time, he enjoys going to concerts and traveling.
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Housing and Energy: 2500 Fr.
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Food and drink (alcoholic): 1500 Fr.
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Clothing and footwear: 500 Fr.
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Leisure and Culture: CHF 300
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Restaurants and hotels: 1000 Fr.
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Transport (including fuel and maintenance): 3000 Fr.
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Inflation: +4.5%, difference to the average: +1.9 points.
Public transport user
He always travels by train or other public transport and therefore has a GA. He lives alone, sometimes eats and sleeps, but otherwise lives relatively sparingly.
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Housing and Energy: 1800 Fr.
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Food and drinks (alcoholic): 400 Fr.
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Clothing and footwear: 100 Fr.
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Leisure and Culture: CHF 300
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Restaurants and hotels: 400 Fr.
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Transport (including fuel and maintenance): 320 Fr.
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Inflation: +2.3 percent, difference from the average: -0.2 points