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Convictions down 11% in Switzerland in 2020
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Real Swiss salaries up most in 5 years
On 30 April 2021, Switzerland’s Federal Statistical Office released salary data for 2020 which showed a 1.5% rise in real salaries compared to 2019.
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In 2020, a 0.8% rise in nominal salaries was boosted by inflation of -0.7% bringing the total increase in the real average Swiss salary to 1.5%. The last time salaries rose this much was in 2015 when the real increase was 1.5%.
In both 2015 and 2020 negative inflation of -1.1% and -0.7% significantly boosted nominal increases of +0.4% and +0.8%.
In 2020, the jump in salaries was not uniform across all sectors. In some areas the real salary increase in 2020 was as high as 3.4% (information technology). At the other end, average real salaries in insurance sank by 1.4%. Other sectors with above average real salary rises included science and technology (+3.4%), metal working (+2.9%), automotive sales and repair (+2.8%), digital communication (+2.7%), healt
Flu deaths surprisingly rare in Switzerland
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Middle class shrinks in Switzerland
Statistics published at the end of January 2021 show a fall in the percentage of the population included in the definition of middle class in Switzerland.
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Middle class includes everyone belonging to a household with a gross income of between 70% and 150% of the median, according to a definition by Switzerland’s Federal Statistical Office.
In 2018, single-person households with gross monthly incomes of between CHF 4,094 and CHF 8,773 and families of two adults and two children with monthly incomes between CHF 8,597 and CHF 18,423 were considered middle class. This group made up 56.6% of the population, the lowest percentage since the calculation began in 1998.
Swiss inflation turns negative in 2020
During 2020, average annual inflation was –0.7%, according to Switzerland’s Federal Statistical Office (FSO).
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In December 2020, Switzerland’s consumer price index (CPI) fell by 0.1% compared with November 2020. Compared to December 2019, prices in December 2020 were 0.8% lower. Annual inflation reached -0.7% across the full year.
The main drivers of a falling CPI were lower travel prices and fuel costs. The price declines on these items were more significant than rising new car prices and rents, said the FSO. So far the pandemic seems to have pushed up rents and property prices. The prices of local products remained stable, however imported items were 2.9% cheaper. This is partly down to Switzerland’s strong currency. According to the latest Economist Big Mac index, the Swiss franc is the only currency that is overvalued against the US dollar.
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