Swiss Producer and Import Price Index rose by 0.2 % in September

The Producer and Import Price Index rose in September 2021 by 0.2 % compared with the previous month, reaching 104.1 points (December 2020 = 100). In particular, basic metals and semi-finished metal products as well as petroleum and natural gas saw higher prices. Compared with September 2020, the price level of the whole range of domestic and imported products rose by 4.5%. These are the results from the Federal Statistical Office (FSO).

In particular, higher prices for basic metals and semi-finished metal products were responsible for the increase in the producer price index compared with the previous month. Processed tea and coffee also became more expensive. In contrast, falling prices were seen for scrap.

The import price index registered higher prices compared with August 2021, particularly for petroleum and natural gas as well as basic metals and semi-finished metal products. The same applied to motor vehicles and motor vehicle parts. Computers, in contrast, became cheaper.

Applicable prices

The prices of domestic products are surveyed for the domestic market at the first marketing stage (i.e. ex works). These ex works prices include neither valued added tax nor consumption tax (e.g. on tobacco, alcohol or petroleum products).

For exports, net sales prices are surveyed FOB (free on board) which, pursuant to definition, do not include valued added tax.

For imports, prices are surveyed at the Swiss border minus valued added, consumption and customs taxes.

Producer price index for selected services

Over a period of several years, the producer price index has gradually been extended to the service sector. The latest results are available at (in German): https://www.bfs.admin.ch/bfs/en/home/statistics/prices/producer-prices-import-prices/services.html

Online

Further information and publications: www.bfs.admin.ch/news/en/2021-0269 Statistics counts for you: www.statistics-counts.ch

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