Switzerland's producer and import prices declined more-than-expected in January, largely led by the fll in oil prices, preliminary figures from the Federal Statistical Office showed Monday.
The producer and import price index dropped 5.3 percent year-on-year following a 5.5 percent falls each in November and December. Economists had expected a 5.1 percent decline.
The index has dropped continuously since October 2013.
On a month-on-month, producer and import prices decreased for a second straight month, down 0.4 percent in January, same as in December. Economists had expected a 0.2 percent decline. In November, prices rose 0.4 percent.
Producer prices dropped 0.1 percent and import prices fell 0.8 percent.
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