Economic Buzz: Switzerland Producer And Import Price Index Unchanged In October

14 Nov 2022 , 02:55 PM

As per the results from the Federal Statistical Office (FSO), the Producer and Import Price Index in Switzerland remained unchanged in October 2022 compared with the previous month. The index stood at 109.8 points (December 2020 = 100). Natural gas in particular became more expensive. In contrast, petroleum products showed falling prices. Compared with October 2021, the price level of the whole range of domestic and imported products rose by 4.9%. In particular, higher prices for gas and machinery were responsible for the increase in the producer price index compared with the previous month. Rising prices were also seen in the treatment and coating of metals and the machining as well as for electrical equipment. Petroleum products, basic metals and semi-finished metal products as well as steel and light metal frameworks, however, became cheaper. The import price index registered lower prices compared with September 2022, particularly for petroleum products. Falling prices were also seen in basic metals and semi-finished metal products, computers and peripheral equipment, machinery, metal products as well as electricity distribution and control apparatus. Rising prices, on the other hand, were observed above all for petroleum and natural gas. Medical and dental instruments and supplies as well as other electrical equipment also showed price increases. Powered by Commodity Insights