Financial News: Swiss Producer And Import Prices Fall 0.9%

Swiss Producer And Import Prices Fall 0.9%

01/20/2025 - 03:59:00 (RTTNews)

(RTTNews) - Switzerland's producer and import prices continued to decline in December, though at the slowest pace in fourteen months, data from the Federal Statistical Office showed on Monday.

Producer and import prices dropped 0.9 percent year-on-year in December, following a 1.5 percent decline in November. Prices have been falling since May 2023.

However, the latest decline was the weakest since October last year, when prices had risen the same 0.9 percent.

The producer price index edged down 0.1 percent annually in December, and import prices registered a decrease of 2.6 percent.

On a monthly basis, producer and import prices remained flat in December versus a 0.6 percent decline in November. The monthly outcome was largely driven by higher prices for cocoa and chocolate products.

The average annual rate of decrease in producer and import prices was 1.7 percent in 2024, due to lower prices for pharmaceutical products.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Inflation Eases Unexpectedly To 1.2% (01 hr(s), 45 min(s), 06 sec(s) ago)
(RTTNews) - Singapore's consumer price inflation softened unexpectedly at the start of the yea ...Full Story»

European Economic News Preview: German Ifo Business Confidence Data Due (01 hr(s), 57 min(s), 06 sec(s) ago)
(RTTNews) - Business sentiment from Germany and final inflation from the euro area are the top eco ...Full Story»

New Zealand Q4 Retail Sales Volume Climbs 0.9% (10 min(s), 54 sec(s) ago)
(RTTNews) - The total volume of overall retail sales in New Zealand was up a seasonally adjusted 0 ...Full Story»

New Zealand Retail Sales Data Due On Monday (22 min(s), 54 sec(s) ago)
(RTTNews) - New Zealand will on Monday release Q4 numbers for retail sales, highlighting a light d ...Full Story»

U.K. Private Sector Activity Growth Slows In February (53 min(s), 54 sec(s) ago)
(RTTNews) - The British private sector grew at its slowest pace in two months as services continue ...Full Story»

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023 (23 min(s), 54 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Existing Home Sales Pull Back Sharply In January (09 min(s), 54 sec(s) ago)
(RTTNews) - Existing home sales pulled back sharply in the month of January, according to a report ...Full Story»

UK Budget Logs Surplus In January (28 min(s), 54 sec(s) ago)
(RTTNews) - The UK budget logged a record surplus for the month of January on self-assessed taxes ...Full Story»