- Analytics
- News and Tools
- Market News
- Swiss producer and import price index increase by 0.5% in June
Swiss producer and import price index increase by 0.5% in June
According to the report from Federal Statistical Office, the Producer and Import Price Index rose in June 2020 by 0.5% compared with the previous month, reaching 98.1 points (December 2015 = 100). Economists had expected a 0.3% increase. The rise is due in particular to higher prices for petroleum products as well as petroleum and natural gas. Compared with June 2019, the price level of the whole range of domestic and imported products fell by 3.5%.
The Producer Price index registered higher prices compared with the previous month, particularly for petroleum products. Cattle for meat also became more expensive. In contrast, decreasing prices were observed for scrap.
Petroleum products, petroleum and natural gas were responsible in particular for the increase in the Import Price index compared with May 2020. Higher prices were also seen for non-ferrous metals and products made therefrom as well as for passenger cars. In contrast, fresh vegetables, wine and steel became cheaper.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
