12.05.202606:42:56UTC+00Swiss Producer and Import Prices Fall 2.0%

Switzerland’s producer and import prices fell by 2.0% year-on-year in April 2026, after a 2.7% decline in March, extending the country’s deflationary trend that has persisted for nearly three years. The downturn was mainly driven by producer prices, which remained weak at -2.4%, reflecting lower costs for manufactured goods (-2.1%). The sharpest declines were seen in computer, electronic and optical products, as well as in watches (both -2.4%). Import prices also continued to fall, though at a slower rate (-1.0% vs -3.2% in March), as a surge in prices for mining and quarrying products (+37.9%) partly offset declines in agricultural products (-2.2%) and manufactured goods (-1.4%).

On a monthly basis, combined producer and import prices rose by 0.8%, accelerating from a 0.2% increase in March and significantly exceeding market expectations of a 0.1% gain. The uptick was largely driven by higher prices for petroleum products and natural gas, while basic metals and semi-finished metal products also registered price increases.