January Sees a Slight Uptick in Swiss Producer and Import Prices

The Swiss Federal Statistical Office reported a minor monthly increase of 0.1% in the Producer and Import Price Index, reaching 106.4 points in January. This increment was detailed in a report released on Friday, highlighting the nuanced shifts in the Swiss economy.

Breaking down the figures, the producer price index saw a 0.1% rise to 106.4 points, whereas the import price index experienced a slightly higher increase of 0.2%, reaching 106.5 points. This upward movement was primarily driven by price hikes in petroleum products, watches, and medical and dental instruments and supplies. Conversely, electricity prices saw a decline during the same period.

On a year-on-year basis, the overall index witnessed a 0.3% decrease. The producer price index remained stable, while the import price index recorded a 0.8% fall, indicating a mixed performance across different sectors.