On 1 April 2022, Switzerland’s Federal Statistical Office published March inflation data, which show prices 2.4% higher than one year ago. Switzerland’s consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month. Inflation was +2.4% compared with the same month of the previous year. Swiss prices were driven higher by […]
Swiss Covid debts could take 13 years to repay
Responding to the coronavirus is likely to have added between CHF 25 and 30 billion to Swiss federal borrowing, a sum that will only be known when the final calculation is made at the end of 2022. Paying this back is expected to take 11 to 13 years. The federal government said that repaying this […]
Chart of the week: Swiss retirement age compared
Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. This week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise […]
Prices of dairy products set to rise in Switzerland
Dairy prices are rising globally. Higher global prices are expected to trigger price rises in Switzerland as local dairy farmers follow the global trend, reported 20 Minutes. Since the beginning of the year, the price of a tonne of dried milk has risen by around 16% to US$ 4,503, according to the website Global Dairy […]
Swiss employment reaches new record
Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021. The number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of […]
Netflix 40% more expensive in Switzerland
In Germany, the lowest-priced Netflix subscription is CHF 8,30 (EUR 7.99) a month. The same subscription in Switzerland costs CHF 11.90, a price 43% higher than in Germany. Given the large difference between German VAT(19%) and Swiss VAT (7.7%), all other things being equal, Swiss subscribers should expect to pay 10% less than German subscribers. […]
Swiss to pay extra for replay TV
Winterthur-based Init7 recently started charging extra for replay TV. Other providers are set to follow, according to 20 Minutes. Until recently, replay TV, which allows viewers to record shows and watch them at a time of their choosing, was included at no extra charge to subscribers. The problem with replay TV is that it allows […]
Switzerland’s large number of homeless
According to a recent report by the Federal Housing Office (OFL) there are an estimated 2,200 homeless residents in Switzerland and another 8,000 at risk of losing their homes. The authors of the report collected information from 616 municipalities across 22 cantons to compile the data. 616 municipalities covers around 28% of Switzerland’s total. Reasons […]
Swiss government aims to cut welfare benefits paid to some foreigners
In response to rising welfare costs, Switzerland’s Federal Council has put forward a proposal to cut the amounts paid to non-EU immigrants in Switzerland, reported RTS. Between 2010 and 2019, the cost of welfare in Switzerland rose by CHF 0.9 billion to CHF 2.8 billion (+47%), straining the finances of some cantons and municipalities. The […]
Swiss exports soar to a new record in 2021
In 2020, the Covid-19 pandemic weighed heavily on Swiss foreign trade. But in 2021, exports bounced back, rising 15.2% to reach a record high of CHF 260 billion. The sharp jump in exports in 2021 caused Switzerland’s trade surplus to reach CHF 58.7 billion, despite rising imports, which were pushed up by rising energy prices […]
