Headline inflation is likely to increase in the coming months, but some volatility is expected throughout 2021 reflecting the changing dynamics of the idiosyncratic factors which are currently pushing inflation up but which can be expected to fade out early next year. Underlying price pressures are expected to increase somewhat this year due to current supply constraints and the recovery in domestic demand.
2  1  Switzerland, which is a member state of the European Free Trade Association (EFTA), as are Iceland, Liechtenstein and Norway, is not a member of the EEA, but over time it has stipulated over one hundred bilateral agreements with the European Union (including the free movement of goods and people, but not of services and capital) and is required to implement the relative European regulations.