Switzerland’s producer and import prices declined at a stable pace in September, which was the biggest fall in more than six decades, figures from the Federal Statistical Office revealed Tuesday.
The producer and import price index declined 6.8 percent from last year, the same rate of decrease as seen in August.
This was the biggest fall since April 1950, when the measure declined 7.1 percent. The gauge has been dropping steadily since October 2013.
Month-on-month, producer and import prices fell 0.1 percent, slower than August’s 0.7 percent drop.
Producer prices remained unchanged on month, while it fell 4.8 percent from same period of last year. Import prices dropped 0.2 percent from August, and decreased 11.2 percent from previous year.
The material has been provided by InstaForex Company – www.instaforex.com