FX.co ★ Swiss Producer and Import Price Deflation Sharpest in 8 Months

In August 2025, Switzerland experienced a significant decline in producer and import prices, falling by 1.8% compared to the same month last year. This decline was more pronounced than the 0.9% decrease recorded in July. Notably, this represents the 28th consecutive month of producer deflation and is the steepest decline since December of the previous year. The dip was largely attributed to a decrease in producer prices, which fell by 1.3% compared to no change in July, and a continued decline in import prices, which dropped by 2.7% following a 2.8% decrease. On a month-to-month comparison, producer and import prices further decreased by 0.6% in August, widening from the prior month's 0.2% reduction. Pharmaceutical products were the primary contributors to this decline, although, conversely, prices for crude oil and natural gas saw an uptick.