January Sees a Modest Increase in Swiss Producer and Import Prices

In January, Switzerland experienced a slight increase in its Producer and Import Price Index, as reported by the Federal Statistical Office. The index rose by 0.1% to reach 106.4 points. This change was influenced by various factors, including price adjustments in several key sectors.

Key Contributors to the Price Change

The increase was primarily driven by higher prices in petroleum products, watches, and medical and dental instruments and supplies. Conversely, the cost of electricity saw a decrease, providing some balance to the overall price movement.

Year-on-Year Overview

When compared to the previous year, the overall index saw a decline of 0.3%. The producer price index remained stable, while the import price index experienced a decrease of 0.8%, indicating a complex interplay of factors affecting Switzerland's economic landscape.