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Inflation remains high: CS and Raiffeisen correct their forecast

How long will prices continue to rise?

Experts expect inflation to continue in Switzerland

Credit Suisse and Raiffeisen correct their inflation expectations. According to experts, it will take longer than expected for inflation to return to normal.


Inflation in Switzerland is at its highest level since 2008.

Dominique Schlund

Credit Suisse is raising its inflation forecast for the current year. It is still assumed that inflation will fall below the 3 percent mark over the course of the year. However, it significantly raised its forecast from 2.3 to 2.9 percent. Raiffeisen also agrees with the substance. “Inflation is going to keep us busy for much longer than expected,” says Martin Neff, chief economist at Raiffeisen (61).

Inflation reached 3.4 percent in July, the highest level since 2008. The energy crisis in Europe, the dry Rhine River and supply chain problems have pushed up energy and commodity prices. Practically the entire economy is affected by the additional costs. For residents, inflation is noticeable at the gas pump, at additional costs and when shopping.