Switzerland's producer and import prices decreased for the first time in three months in May, the Federal Statistical Office reported Monday.
The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. Meanwhile, prices were expected to rise by 0.4 percent.
The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity. On the other hand, prices for plastic products were costlier compared to last month.
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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.