Exchange rate fluctuations significantly impact various price indices in Switzerland.
The study looked at how changes in exchange rates affect prices in Switzerland. They used a special model to see how prices react in the short and long term. Import prices go up quickly when the exchange rate changes, while consumer prices take longer to adjust. Prices for goods made in Switzerland also increase. However, prices for services and some consumer goods don't change much. Over time, the impact of exchange rate changes on prices seems to decrease.