| 14.12.2022 – The Producer and Import Price Index fell in November 2022 by 0.5% compared with the previous month, reaching 109.2 points (December 2020 = 100). Lower prices were seen in particular for pharmaceutical and chemical products as well as for petroleum and natural gas. In contrast, petroleum products became more expensive. Compared with November 2021, the price level of the whole range of domestic and imported products rose by 3.8%. These are the results from the Federal Statistical Office (FSO).
In particular, lower prices for pharmaceutical products were responsible for the decrease in the producer price index compared with the previous month. Falling prices were also seen for essential oils, waste collection and materials recovery, paints, varnishes and similar coatings, printing ink and mastics, as well as for organic products of the chemical industry. Paper and paper products, non-ferrous metal products and petroleum products, on the other hand, became more expensive. |
Switzerland Producer Price Index (PPI) YoY, November 2022(see more posts on Switzerland Producer Price Index, ) Source: investing.com - Click to enlarge |
Price decreases compared with October 2022 were registered in the import price index, especially for petroleum and natural gas, basic chemicals and pharmaceutical products. Other chemical products, steel, green coffee and processed steel also became cheaper. In contrast, increasing prices were observed in particular for petroleum products, glass and glass products. Price increases were also seen for paper and paper products, computers, plastic products as well as non-ferrous metals and products made therefrom.
You can find further information in the following PDF document.
Download press release: Producer and Import Price Index fell by 0.5% in November
Tags: Featured,newsletter,Switzerland Producer Price Index
