Lesedauer < 1 Minute
Last update: 17.09.2024 08:32
Inflation refers to the process of a general increase in the prices of goods and services in an economy over a certain period of time.
When inflation increases, the purchasing power of money decreases, which means that less can be bought for the same amount of money. Inflation is often measured as an annual percentage change in the national consumer price index (CPI ), which reflects the price changes of a basket of everyday goods and services.
A key objective of the Swiss National Bank (SNB) is to maintain price stability, aiming to keep inflation close to 2%. This objective serves to create a stable economic environment and avoid the negative effects of both high inflation and deflation.
