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19.01.2016 10:59 Switzerland's producer and import prices are down 0.4% in December

The Federal Statistical Office released its producer and import prices data on Tuesday. Switzerland's producer and import prices fell 0.4% in December, missing expectations for a 0.2% gain, after a 0.4% increase in November.

 

The decrease was mainly driven by lower prices for mineral oil products.

 

The Import Price Index decreased by 0.8% in December, while producer prices fell 0.3%.

 

On a yearly basis, producer and import prices plunged 5.5% in December, after a 5.5% drop in November.

 

The Import Price Index fell by 9.7% year-on year in December, while producer prices dropped 3.6%.



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