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Macroeconomics  |  August 14, 2012 11:41:00

Production and import prices in Switzerland in July declined by 1.8 pct


Production and import prices in Switzerland as well as in June decreased by 0.3% Statistical Office announced. The decrease was primarily due to lower oil prices and petroleum products, basic metals and fabricated metal products. In comparison to alleviate the decline in prices to 1.8% from 2.2% in June and remained in negative levels of fourteen months. A majority consensus expected annual change -1.6%.

Index of import prices in July fell by 0.7% year on year decline slowed by 0.3% to 3.8%.The monthly drop in the price level came from prices of energy raw materials, crude oil, petroleum products, as well as steel and non-ferrous metals and products, computer and peripheral equipment, insulated cables, cars and fruit. Growth was recorded in import prices of agricultural products, cereals, fruits, as well as electrical components and devices for consumer electronics.

Industrial producer price index fell by 0.1% yoy decline slowed from 1.2% to 0.8%. Previous month, prices of petroleum products, steel and steel products, electronic components, measuring and control instruments.Higher prices of tobacco products, natural gas and watches. Output prices in the domestic market in July month fell by 0.3% and export prices increased by 0.1%. Compared to the same period last year, the domestic output prices decreased by 0.7% and export prices declined by 1.0%.



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Výrobní a dovozní ceny Švýcarska v červenci meziročně klesly o 1,8 pct

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