Swiss Producer and Import Price Index Sees Minor Decline

In a recent report by the Federal Statistical Office, Switzerland's Producer and Import Price Index experienced a slight decrease of 0.1% in June, settling at 106.4 points. This subtle shift highlights the delicate balance of the Swiss economy as it navigates through global market fluctuations.

Breaking Down the Numbers

The import price index saw a marginal drop of 0.2% month-on-month to 105.4, while the producer price index remained steady at 106.8. Notably, petroleum products led the decline with a 3.2% decrease from May, alongside lower prices for pharmaceutical specialties, green coffee, vegetables, melons, and potatoes. Conversely, crude oil and natural gas prices, as well as those for other vehicles, witnessed an uptick.

Annual Overview

Comparing year-on-year figures, the overall producer and import prices fell by 0.7%. Within this, producer prices modestly increased by 0.3%, whereas import prices significantly dropped by 2.8%, reflecting the broader economic trends affecting Switzerland.