Economic Buzz: Switzerlands Producer and Import Prices Rise 5.4% On Year In August

13 Oct 2022 , 04:29 PM

Switzerlands producer and import price inflation eased for the third successive month in September, though marginally, data from the Federal Statistical Office showed. Producer and import prices rose 5.4 percent year-on-year in September, just below the 5.5 percent increase in August. The producer price index climbed 3.8 percent annually in September, and import prices registered a sharp increase of 8.8 percent. On a monthly basis, producer and import prices went up 0.2 percent in September, reversing a 0.1 percent slight fall in the prior month. The monthly increase was driven by higher prices of petroleum and natural gas as well as agricultural products. The producer price index rose 0.1 percent monthly in September, and import prices moved up 0.4 percent.Powered by Commodity Insights