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- Swiss producer and import price index fell by 0.3% in September
Swiss producer and import price index fell by 0.3% in September
Federal Statistical Office (FSO) said, the Producer and Import Price Index fell in September 2019 by 0.3% compared with the previous month, reaching 101.1 points (December 2015 = 100). This decline is due in particular to lower prices for petroleum products and scrap. Compared with September 2018, the price level of the whole range of domestic and imported products fell by 2.0%.
The decline in the producer price index compared with the previous month was mainly due to the lower prices for scrap. Petroleum products and pork were also cheaper. By contrast, rising prices were observed for raw milk.
Lower prices compared to August 2019 were registered in the import price index, especially for petroleum products. Apparel, petroleum and natural gas as well as automobiles and automotive parts also declined. On the other hand, nickel became more expensive.
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