Swiss Producer and Import Price Decline Continues

Switzerland’s producer and import prices decreased by 1.5% year-on-year in November 2024, easing from a 1.8% drop in the previous month.

This marked the nineteenth consecutive period of decline, with both producer prices (-0.4% vs. -0.5% in October) and import costs (-3.8% vs. -4.4%) continuing to fall.

On a monthly basis, producer and import prices dropped by 0.6%, marking the third straight decline, following a 0.3% drop in September and against forecasts of a 0.2% rise.

The decrease was driven by lower costs for pharmaceutical products, petroleum, natural gas, and chemical products.