Swiss Producer and Import Price Index fell by 0.1% in August

 

Neuchâtel, 13.09.2022 – The Producer and Import Price Index fell in August 2022 by 0.1 % compared with the previous month, reaching 109.6 points (December 2020 = 100). Lower prices were seen in particular for petroleum products, basic metals and semi-finished metal products. In contrast, chemical products became more expensive. Compared with August 2021, the price level of the whole range of domestic and imported products rose by 5.5 %. These are the results from the Federal Statistical Office (FSO).

In particular, higher prices for basic chemicals and other chemical products were responsible for the increase in the producer price index compared with the previous month. Rising prices were also seen for pharmaceutical products, paints, varnishes and similar coatings, printing ink and mastics, non-metallic mineral products, timber products, soaps, detergents, toilet preparations and perfumes. Basic metals and semi-finished metal products, slaughter pigs and pork, however, became cheaper.

The import price index registered lower prices compared with July 2022, particularly for petroleum products, basic metals and semi-finished metal products. Falling prices were also seen for pharmaceutical products, plastic products, timber products and computers. In contrast, increasing prices were observed for petroleum and natural gas, basic chemicals and other chemical products.

 

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