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Swiss Producer & Import Prices Decline For Eleventh Month

Swiss producer and import prices dropped for the eleventh consecutive month in March, data released by the Swiss Federal Statistical Office showed Monday.

The producer and import price index fell 2 percent year-on-year, after declining 1.9 percent in February. Economists had expected the index to drop 1.8 percent.

Month-on-month, the producer and import price index rose 0.3 percent in March, following a 0.8 percent gain in the previous month. Economists had forecast 0.5 percent monthly increase.

The increase from February was due mainly to higher prices for oil and petroleum products, the agency said.

by RTTNews Staff Writer

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