Finally we can use interest to pay our asset tax.
But, it all depends on the countries you're looking at and your time reference. Which is the first date of your evaluation?
I wouldn't worry that much since things are going more or less fine around the world. This is temporary, one of these days something will go wrong and CHF price will rise once again...a literal reverse to the mean.
Try comparing salaries...
What I wonder is whether we are a bit more rapidly going towards price equalisation world wide. If people continue to travel and work for other countries over a very long period of time prices should become more equal.
This was phenomenal for the top 20% in developed markets as they just increased profits at the expense of the rest of the population. Today as standards of living are dropping catastrophically for your average Joe in countries such as the US, France, the UK etc... politicians are wisening up to it, and starting to impose more barriers to this - the damage however has been done, but trade barriers will be added and we will see re-shoring (Covid had some impact on this as well in terms of supply chains). So as you re-shore the cost of your goods will increase and so will inflation. You won't be able to afford the things you could previously.
We are going to go to the polar opposite of equalisation worldwide, the people are tired of having their jobs exported out to cheaper places of labor. Companies are realising that supply chain issues are very real.
Energy has a whole other place to play here as well as Germany (and the rest of the EU) essentially castrated itself by foregoing cheap Russian energy in exchange for competing for expensive LNG (just wait for this winter if it's not as mild as the one we just had, and China is no more in lockdown and will actually be competing for those shipments). Inflation is here to stay, standards of living will keep on dropping for us in the west - so yes, maybe equalisation, but from us in the west meeting the developing world.
This rant would require me to write for another 2 hours, but the short of it all is: inflation is here to stay. The cheap wonders of globalisation are over. Your cash will depreciate faster than you can say hello, hopefully you amassed some nice hard assets over the last few decades, otherwise good luck to you....
Small note: Switzerland will be OK - they protected themselves a long time ago from all of this non-sense. As long as they stay well clear from even considering joining the rotten basket case that is the EU, things will tickle just ok. And no - there were no bailouts of Credit-Suisse, AT1 holders and CS shareholders got hosed while UBS got the deal of the centurty - NOTHING to do with taxpayers.
Globalisation has been a mixed blessing. Supply chain issues are real, and a move away from China will benefit the west hugely.
The Germans are in the forefront of the move to renewables. LNG is a stop-gap.
At the moment, the Swiss get to eat their cake and keep it with regard to the EU (and to NATO) That will probably remain so as long as the banks remain solvent. It is the banks that are the big risk. I have no sympathy for CS shareholders. One of the decisions I made in 2001 was not to bank with either CS or UBS, let alone buy their shares.
That was also my impression a decade ago when I moved to Switzerland, so I stayed away from them.
On the other hand I trusted PostFinance, only to see it commercialized a few years ago.
Either way the top 0.5-1% has gained the most anyways.
An extreme case of this has been happening in Turkey in last years. Top jobs haven't had much of salary decrease vs inflation. Neither did the minimum wage earners given there's not too much buffer for them to earn less and be able to eat. But middle class has been neared to minimum wage. Still poor have suffered too. It is not same to think whether you will be able to get all the meals to your kids tomorrow or thinking if you will be able to buy a new toy or will have to skip holidays this summer. Poor suffer more because there's not much buffer for them to earn less even if it is %-wise lesser loss.
Some fruits and veggies are priced per 100g now to try and appear cheap. Whilst prices have not increased so much for other items, packet sizes have become smaller e.g. 5 dl PET are now 4.5, you get fewer sausages in a pack
Health insurance costs increase a lot every year.
Rents are going up and up.
The only reason it's not all even higher is because the swiss franc is getting stronger due to ongoing global uncertainty.
Now! More than ever. It pays to have a union job.
https://www.bbc.com/news/business-66445496