Swiss Producer And Import Prices Fall Further

(RTTNews) - Switzerland's producer and import prices declined for the fourth straight month in August, data from the Federal Statistical Office showed on Thursday.

Producer and import prices dropped 0.8 percent year-on-year in August, slightly faster than the 0.6 percent fall in the previous month.

The producer price index climbed 1.0 percent annually in June, while import prices registered a decrease of 4.1 percent.

On a monthly basis, producer and import prices dropped 0.2 percent in August versus a 0.1 percent rise in July.

The monthly decline was largely attributed to cheaper costs for pharmaceutical products.