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- Swiss producer and import price index rose by 0.3% in June
Swiss producer and import price index rose by 0.3% in June
According to the report from the Federal Statistical Office (FSO), the Producer and Import Price Index rose in June 2021 by 0.3% compared with the previous month, reaching 102.7 points (December 2020 = 100). Economists had expected a 0.4% increase.
In particular, basic metals and semi-finished metal products, scrap and petroleum products saw higher prices. Compared with June 2020, the price level of the whole range of domestic and imported products rose by 2.9%.
In particular, higher prices for scrap were responsible for the increase in the producer price index compared with the previous month. Basic metals, semi-finished metal products, timber products and petroleum products also became more expensive.
The import price index registered higher prices compared with May 2021, particularly for basic metals and semi-finished metal products. The same applied to petroleum products, computers, motor vehicles and motor vehicle parts, food products and other transport equipment. Petroleum and natural gas as well as vegetables, melons, and potatoes, in contrast, became cheaper.
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