As many countries across the globe battle stubbornly high inflation, the rise in prices has been far less dramatic in Switzerland, a small mountainous nation in western Europe. Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While still high by Swiss standards, it is well below the double-digit rates of other advanced economies, like the U.S. (9.1%), the U.K. (11.1%) and the euro zone (10.6%). “I think they feel it more abroad than here in Switzerland,” one shopper in Zurich told CNBC last month. “My mother is living in Germany, in Berlin, and she is telling me always [that] everything became so ...