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Economy And The Numbers

Swiss Producer & Import Price Index Falls More Than Expected

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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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