Financial News: Swiss Producer & Import Prices Continue To Fall

Swiss Producer & Import Prices Continue To Fall

04/15/2024 - 06:14:00 (RTTNews)

(RTTNews) - Switzerland's producer and import prices declined for the eleventh straight month in March, data from the Federal Statistical Office showed on Monday.

Producer and import prices dropped 2.1 percent year-on-year in March, following a 2.3 percent fall in the previous month.

The producer price index fell 0.5 percent annually in March, and import prices registered a sharp decrease of 5.4 percent.

On a monthly basis, producer and import prices increase at a stable rate of 0.1 percent. The monthly increase was largely attributed to higher costs for petroleum products.

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