Switzerland: decline in producer and import prices

Switzerland: decline in producer and import prices
Switzerland: decline in producer and import prices

Swiss economy

Producer and import prices down sharply

Producer and import prices of local products decreased by 0.6% in November compared to the previous month.

Published today at 9:05 a.m.

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Producer and import prices (PPI) accentuated their decline in November over one month, falling by 0.6% after 0.3% in October and 0.1% in September. Over one year, the erosion now reaches 1.5%.

The PPI index now stands at 106.3 points, indicates the Federal Statistical Office (FSO) in a periodic situation update on Monday.

Both indigenous products and their imported counterparts saw their prices fall over one month, by 0.5% and 0.7% respectively.

At the production level, the prices of pharmaceutical preparations have fallen, unlike those of basic pharmaceutical products. When imported, it was the hydrocarbons and chemicals that made their way to the cellar.

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