Swiss producer and import prices declined more than expected by economists in May, the Federal Statistical Office said Wednesday.
Year-on-year, the producer and import price index fell 2.3 percent in May, faster than economists' forecast for a 2 percent decline. Compared to the previous month, the index fell 0.2 percent, while expectations were for a 0.1 percent drop.
The increase can primarily be attributed to lower prices for petroleum and petroleum products. Producer prices for domestically produced goods rose 0.1 percent month-on-month, while import prices dropped 0.8 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.