European Economic News

Swiss March Producer And Import Prices Fall As Expected

Switzerland's producer and imports prices decreased from last year in March, and the rate of fall matched economists' forecast, latest data from the statistical office showed Tuesday.

The producer and import price index dropped 0.3 percent year-on-year in March, in line with economists' expectations.

The producer price index, which shows the price development of domestically produced products, increased 0.3 percent year-on-year in March, while the import price index dropped by 1.5 percent.

Compared to February, the producer and import price index stayed unchanged during the month. This was in line with economists expectations.

The producer price index was unchanged month-on-month, while the import price index edged down 0.1 percent, data showed.

by RTTNews Staff Writer

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