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- Swiss producer and import price index increased by 0.1% in July 2020
Swiss producer and import price index increased by 0.1% in July 2020
According to the report from Federal Statistical Office, the Producer and Import Price Index rose in July 2020 by 0.1% compared with the previous month, reaching 98.3 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with July 2019, the price level of the whole range of domestic and imported products fell by 3.3%.
The Producer Price Index registered falling prices compared with the previous month, particularly for scrap. Vegetables and potatoes also became cheaper. In contrast, increasing prices were observed for petroleum products.
Petroleum products were responsible in particular for the increase in the Import Price Index compared with June 2020. Petroleum and natural gas, copper and products made therefrom, as well as other fruit and nuts, also showed price increases. In contrast, computers and peripheral equipment, vegetables, potatoes, basic iron, steel and other fabricated metal products showed lower prices.
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