Switzerland’s producer and import prices increased at a softer pace in July, data from the Federal Statistical Office showed on Monday. Producer and import prices increased 6.3 percent year-on-year in July after a 6.9 percent growth in June.
The producer price index rose 4.1 percent annually in July and import prices grew 10.8 percent. On a monthly basis, producer and import prices declined 0.1 percent in July. Prices for basic metals and semi-finished metal products were lower in July, the agency said. Domestic sale prices increased 7.2 percent yearly in July and rose 0.3 percent from a month ago.