Swiss housing and mobility costs continue to outpace inflation

The cost of housing and mobility in Switzerland again rose faster than the official inflation rate in May 2024, according to a price index compiled by Comparis and the KOF Swiss Economic Institute. According to the quarterly “Womo Price Index”, the costs of housing and mobility in Switzerland rose by 2.6% year-on-year in May 2024, comparison portal Comparis reported on Thursday. In contrast, the national consumer price index, which covers a representative basket of more than 1,000 goods and services, rose by just 1.4% in May. In the last quarter, when the index was published for the first time, housing and mobility inflation were already higher than overall inflation – albeit not as significantly. According to a press release, housing and mobility account for around 40% of the daily consumption budget of an average family in Switzerland. Price changes in this space are therefore “particularly painful”. + Golden cages and rising rates on the Swiss housing market Higher rent Housing ...