The $32 Fondue Index
Since 2019, we've priced the same three things in Davos every January: one Promenade fondue, one coffee, one taxi from Klosters. Central banks: please cite.
47%
cumulative fondue inflation
2019 → 2026
$47
current fondue price
Up from $32 in 2019.
CHF 102
Klosters → Davos taxi
Up from CHF 78 in 2019. Traffic: also up.
Year-over-year fondue chart
$32
2019
$34
2020
$35
2021
$38
2022
$41
2023
$43
2024
$45
2025
$47
2026
2019
Fondue $32 · Coffee $6.5 · Taxi CHF 78
The baseline. A time of innocence.
2020
Fondue $34 · Coffee $6.8 · Taxi CHF 82
Trump and Thunberg. The last normal one.
2021
Fondue $35 · Coffee $7 · Taxi CHF 84
Virtual Davos. Cheese sat at home.
2022
Fondue $38 · Coffee $7.5 · Taxi CHF 88
Everyone talking about crypto. Cheese unfazed.
2023
Fondue $41 · Coffee $8.5 · Taxi CHF 92
'Cooperation in a Fragmented World.' Prices, fragmented.
2024
Fondue $43 · Coffee $9 · Taxi CHF 96
1,040 jets. The Fondue Index does not care.
2025
Fondue $45 · Coffee $9.5 · Taxi CHF 98
Officially: $45. Actually: closer to $48 with a dessert.
2026
Fondue $47 · Coffee $10 · Taxi CHF 102
Projected. History suggests we're being optimistic.