Swiss producer and import prices rose more than expected in August

The total index of producer and import prices rose by 0.3 percent in August 2017 compared with the previous month, reaching 100.0 points (December 2015 = 100 basis). The increase is mainly due to higher prices for petroleum products and chemical products. Compared with August 2016, the price level of the total supply of domestic and imported products rose by 0.6 percent. This is evident from the figures of the Federal Statistical Office (FSO). The lower prices of pharmaceutical specialties were particularly responsible for the slight decline in the producer price index compared to the previous month.