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Swiss Producer and Import Price Index in February 2021: -1.1 percent YoY, unchanged MoM

 

18.03.2021 – The Producer and Import Price Index remained unchanged in February 2021 compared with the previous month. The index stood at 100.3 points (December 2020 = 100). Petroleum products as well as basic metals and semi-finished metal products in particular saw higher prices, while pharmaceutical products became cheaper. Compared with February 2020, the price level of the whole range of domestic and imported products fell by 1.1%. These are the results of the Federal Statistical Office (FSO).

In particular, lower prices for pharmaceutical preparations and basic pharmaceutical products were responsible for the decrease in the producer price index compared with the previous month. Meat and meat products, scrap, plastics in primary forms and cattle for meat also became cheaper. In contrast, increasing prices were seen for basic metals and semi-finished metal products, petroleum products and plastic products.

The import price index registered higher prices compared with January 2021, particularly for petroleum products, basic metals and semi-finished metal products, petroleum and natural gas as well as organic products of the chemical industry. Plastics in primary forms, vegetables, melons and potatoes, non-metallic mineral products, plastic products and timber products also became more expensive.

Switzerland Producer Price Index (PPI) YoY, February 2021

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Switzerland Producer Price Index (PPI) YoY, February 2021

Source: investing.com - Click to enlarge

Download press release: Producer and Import Price index remained stable overall in February

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Swiss Statistics
The Swiss Federal Statistics Office publishes information on the situation and developments in Switzerland in a multitude of fields and plays a part in enabling comparisons at an internal level.
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