Switzerland’s producer and import prices in August declined at the fastest pace in more than six decades, figures from the Federal Statistical Office revealed on Monday.
The producer and import price index dropped 6.8 percent annually following a 6.4 percent decrease in July. That was the biggest fall since April 1950, when the measure declined 7.1 percent.
The gauge has been dropping steadily since October 2013.
On a month-on-month basis, the producer and import price index fell for a fifth consecutive month in August. The measure declined 0.7 percent, its biggest drop in three months. That followed a 0.3 percent decrease in July.
The material has been provided by InstaForex Company – www.instaforex.com