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Increase in producer and import price index

The 0.5% increase over one month is mainly due to higher prices for petroleum products and hydrocarbons.

The Federal Statistical Office (FSO) reports that the producer and import price index rose 0.5% in June compared with last month. The index now stands at 98.1 points, compared to the basis for calculating 100 points in December 2015.

Compared with June 2019, the price level of the total supply of domestic products and imported products fell by 3.5%.

The 0.5% increase over one month is mainly due to higher prices for petroleum products and hydrocarbons.

In the producer price index, petroleum products actually increased compared to the previous month. Prices for beef cattle also increased. On the other hand, those of scrap metal decreased.

The import price index increased in June compared to the previous month. This increase is also the consequence of higher prices for petroleum products and hydrocarbons.

Prices also increased for non-ferrous metals and non-ferrous metal products, as well as for automobiles. Fresh vegetables, wine and steel, on the other hand, have become cheaper.

The OFS specifies that the measures taken by the Federal Council to stop the coronavirus pandemic have had no impact on the price surveys for the import and producer price index. The non-response rate was within the usual range and the results are reliable.

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