USA: COVID-19-sensitive components in the shopping cart boost inflation. Eurozone: Further setbacks cannot be ruled out. Switzerland: GDP already back to pre-crisis level.

Chart of the month

Economics_Chart_0721_EN

A debate is still raging over whether the rise in inflation is only temporary or heralds a return to supposed bygone times. The San Francisco branch of the US Federal Reserve System has calculated the price trend of goods and services in terms of their sensitivity to containment measures. It turns out that the contribution of the less-affected components to the core inflation rate is largely stable. Around three quarters of the current inflation rate can be attributed to COVID-19 sensitive components. There are many indications that the price increase is a one-off.

This may also be of interest to you

Research

Finanzen-3840x2160

Financial Markets

Perspectives Financial Markets November/December 2021

11.11.2021

Research

Konjunktur-3840x2160

Economics

Perspectives Economics November/December 2021

11.11.2021

Research

Back view image of young lady outdoors walking on bicycle on the street.

Real Assets

The Swiss Life Asset Managers’ European Thematic Cities Index

19.10.2021

Research

Konjunktur-3840x2160

Economics

Perspectives Economics October 2021

08.10.2021