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Swiss Producer & Import Prices Fall Most Since Late 2009

Swiss producer and import prices logged the worst annual fall in nearly five-and-a-half years in February, driven lower by further declines in oil prices and a strong Swiss franc, data from the Federal Statistical Office showed Monday.

The producer and import price index declined 3.6 percent year-on-year, which was the biggest fall since October 2009, when the measure dropped 4.7 percent.

In January, the index decreased 2.7 percent. The measure has been declining since October 2013.

The monthly fall of 1.4 percent in the producer and import prices was the biggest since November 2008, when the index dropped by the same size. In January, prices decreased 0.6 percent.

Domestic producer prices declined 0.7 percent and prices of imports fell 3 percent.

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