Inflation:

Despite the decelerating inflation in Europe, recent data on retail sales suggests that consumers are reluctant to boost their spending.

The data reveals that inflation in Switzerland has returned to its 2021 level, reaching 1.2%, in comparison to last year.

Inflation in the EU should fall from 6.3% in 2023 to 3.0% in 2024, and then drop to 2.5% in 2025, although, inflation will continue to ease.