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Swiss producer and import prices rise less than forecast

Staff Writer |
Switzerland's producer and import prices increased less than expected in April, data from the Federal Statistical Office showed Monday.

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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.