Switzerland's producer and import prices dropped unexpectedly in May due to lower prices for crude oil and petroleum products, data from the Federal Statistical Office revealed Thursday.
Producer and import prices fell 0.3 percent month-on-month in May, while it was forecast to remain flat.
On a yearly basis, producer and import prices slipped 0.2 percent, confounding expectations for a 0.1 percent rise.
Producer prices slipped 0.3 percent in May on both monthly and annual basis. At the same time, import prices dropped 0.4 percent from the prior month, taking the annual decrease to 1.2 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.