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Swiss producer and import prices rise less than forecast

Staff Writer | May 15, 2017
Switzerland's producer and import prices increased less than expected in April, data from the Federal Statistical Office showed Monday.
Switzerland   Data from the Federal Statistical Office
Producer and import prices increased 0.8% year-on-year in April, slower than the 1% rise economists had forecast.

On a monthly basis, producer and import prices dropped 0.2%, while economists expected a nil growth. This decline was caused by lower prices for petroleum products and machinery.

Producer prices dropped 0.1% on month and increased 0.1% annually. At the same time, import prices slid 0.4% from prior month, while they advanced 2.3% from prior year.