Switzerland’s Inflation Rate Below 2%: Achieving Price Stability Goals

2023-07-16 16:56:38

Published on July 16, 2023 at 6:56 p.m. Modified on July 16, 2023 at 7:14 p.m.

Goal achieved? Switzerland is one of the few countries to have seen its inflation rate fall below 2%. In June, it reached 1.7% on an annual basis, for the first time since January 2022. The inflation thus returns to the price stability objective of the Swiss National Bank (SNB), i.e. between 0 and 2%. . And yet, “inflation is still very high,” pointed out Andréa Maechler, a member of the institution’s management until the end of last month, in an interview with Temps.

Read also: Inflationary pressures will persist in Switzerland

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