Swiss producer and import prices fell 1.8% year-on-year in May, marking the fifth consecutive month of decline.
Swiss producer and import prices fell 1.8% year-on-year in May, as reported by the Federal Statistical Office. This marks the fifth consecutive month of decline, with producer prices dropping 1.3% annually and import prices decreasing by 2.9%. Monthly, prices fell 0.3% compared to a 0.6% increase in the previous month. The decline was mainly due to lower prices for pharmaceutical and mineral oil products.
June 13, 2024
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