Swiss producer and import price index rose by 0.7% in April

According to the report from the Federal Statistical Office (FSO), the Producer and Import Price Index increased in April 2021 by 0.7% compared with the previous month, reaching 101.6 points (December 2020 = 100). Higher prices were seen in particular for computer, electronic and optical products, machinery, basic metals, semi-finished metal products and metal products. Compared with April 2020, the price level of the whole range of domestic and imported products rose by 1.8%.

In particular, higher prices for watches, machinery, metal products, basic metals and semi-finished metal products were responsible for the growth in the producer price index compared with the previous month. Electrical equipment, medical and dental instruments and supplies, meat and meat products as well as slaughter pigs also became more expensive.

The import price index showed price increases compared with March 2021 in particular for basic metals, semi-finished metal products, machinery, metal products, computer, electronic and optical products, fuels and electrical equipment. The same applied for furniture, medical and dental instruments and supplies, vegetables, melons and potatoes. In contrast, petroleum and natural gas became cheaper.