Price level indices compare the price level between several countries at a particular time. They are drawn upon for information by decision-makers in national politics and also by private individuals, e.g. for alimony payments across international borders or the conclusion of wage agreements abroad.
In terms of the GDP, the price level in Switzerland in 2022 was 157.4 index points. This means that, in terms of the GDP Switzerland is the most expensive country followed by Iceland (156.7) and Norway (134.3).
The price level can also be considered for individual product groups (analytical categories). The following illustration shows this using Switzerland and its neighbouring countries.
In 2022, a particular basket with identical benefit (from the “transport” product group) cost CHF 127 in Switzerland, CHF 109.2 in Germany, CHF 108.5 in France, CHF 96.4 in Italy and CHF 107.7 in Austria. It cost CHF 100.0 on average in the 27 member states.
Example: Mr Müller from Italy has accepted a new job in the Italian-Swiss trading company and will work in Switzerland in the future. He has agreed with his employer that the level of his gross salary will be adapted to Swiss prices. The previously agreed salary of CHF 5000 should be adapted. For this purpose, the salary is divided by the Italian price level and then multiplied by the Swiss price level. They have agreed on the aggregate level "actual individual consumption" for the calculation as this reflects the expenditure for consumer goods by private households (excl. charges for social insurance and taxes).
CHF 5000: 101.2 x 184.4 = CHF 9'110.67
Further information
Statistical sources and concepts
Contact
Federal Statistical Office Section PricesEspace de l'Europe 10
CH-2010 Neuchâtel
Switzerland
- Tel.
- +41 58 463 66 53
Monday to Thursday
09.00–12.00 and
13.30–16.30
Friday
09.00–12.00 and
13.30–16.00