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- Swiss producer and import price index rose by 0.3% in January
Swiss producer and import price index rose by 0.3% in January
According to the report from the Federal Statistical Office (FSO), the Producer and Import Price Index rose in January 2021 by 0.3% compared with the previous month, reaching 100.3 points (December 2020 = 100). The rise is due in particular to higher prices for scrap, petroleum products, as well as for basic metals and semi-finished metal products. Compared with January 2020, the price level of the whole range of domestic and imported products fell by 2.1%.
In particular, higher prices for scrap were responsible for the increase in the producer price index compared with the previous month. Petroleum products also became more expensive. In contrast, lower prices were seen for orthopaedic and prosthetic devices.
The import price index registered higher prices compared with December 2020, particularly for petroleum products, petroleum and natural gas, basic iron and steel. The same applied for processed steel, copper and products made therefrom. In contrast, price decreases were seen for communication equipment.
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