Swiss Producer and Import Price index remained stable overall in October

The Swiss Producer and Import Price Index 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 %. These are the results from the Federal Statistical Office (FSO).

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.