FX.co ★ Swiss Producer And Import Prices Fall Further

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.