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    14.06.2016 09:34 Switzerland's producer and import prices rise in May

    14.06.2016 09:34

    Switzerland's producer and import prices rise in May

     

    The Federal Statistical Office released its producer and import prices data on Tuesday. Switzerland's producer and import prices rose 0.4% in May, beating expectations for a 0.1% gain, after a 0.3% increase in April.

     

     

    The rise was driven by higher prices for scrap and petroleum products.

     

     

    The Import Price Index increased 0.4% in May, while producer prices rose 0.4%.

     

     

    On a yearly basis, producer and import prices plunged 1.2% in May, beating expectations for a 1.5% fall, after a 2.4% drop in April.

     

     

    The Import Price Index fell by 2.8% year-on year in May, while producer prices dropped 0.5%.

     

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