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Switzerland’s producer and import prices decreased in November, data from the Federal Statistical Office showed on Tuesday.

Producer and import prices fell 2.7 percent year-on-year in November.

The producer price index decreased 1.3 percent annually in November and import prices decreased 5.3 percent.

On a monthly basis, producer and import prices fell 0.1 percent in November.

The latest decline was mainly due to a fall in prices of petroleum products and pharmaceutical preparations, the agency said.

Domestic sale prices fell 0.9 percent yearly in November and declined 0.2 percent from a month ago.


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