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- Swiss producer and import price index fell in May
Swiss producer and import price index fell in May
According to the report from Federal Statistical Office (FSO), the Producer and Import Price Index fell in May 2020 by 0.5% compared with the previous month, reaching 97.6 points (December 2015 = 100). This decline is due in particular to lower prices for pharmaceutical and chemical products as well as for petroleum products. Compared with May 2019, the price level of the whole range of domestic and imported products fell by 4.5%.
In particular, lower prices for pharmaceutical preparations and basic pharmaceutical products were responsible for the decrease in the producer price index compared with the previous month. In contrast, rising prices were seen for waste collection and materials recovery.
The import price index registered lower prices compared with April 2020, particularly for petroleum products, chemical products as well as for petroleum and natural gas. The prices of rubber and plastic products also fell, as did prices for basic metals, semi-finished products and other special purpose machinery. In contrast, fresh vegetables and citrus fruit were more expensive.
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