Survey: Swiss population increasingly burdened by inflation
Published: Thursday, Jan 25th 2024, 19:50
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For two thirds of the Swiss population, the two-year rise in inflation is a burden, and for more than a quarter it is a major burden. This has an impact on people's consumer behavior.
For example, they reduce non-essential expenditure. In other words, they save where they can control costs themselves, explained the consulting firm Deloitte on Tuesday.
According to a survey, a good half (52%) have eaten out less in the last 12 months and visited bars or clubs less often. And 40% each had saved money on clothing, vacations, travel and leisure activities. More than a third (34%) had cut back on food.
All in all, 57 percent of those surveyed would have reduced their spending on non-essential items. Another strategy to cope better with inflation is to buy more cheaply.
According to Deloitte, special offers and promotions have become more important for more than half (51%). Many also deliberately bought cheaper products (44%) or switched to cheaper providers (37%).
In Switzerland, prices are currently six percent higher on average than at the beginning of 2021. 1900 people living in Switzerland were surveyed last November for the "Pulse of Switzerland" survey by Deloitte.
©Keystone/SDA
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