Switzerland's producer and import prices continued to decline in May, data from the Federal Statistical Office showed on Monday.
Producer and import prices dropped 0.7 percent year-on-year in May, faster than the 0.5 percent in the previous month. The price index has been falling since May 2023.
The producer price index showed an increase of 0.4 percent, while import prices dropped by 2.9 percent.
On a monthly basis, producer and import prices declined 0.5 percent in May after rising 0.1 percent in the prior month. Meanwhile, prices were expected to increase by 0.1 percent. Moreover, this was the first decline in six months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.