Switzerland’s producer and import prices dropped by 1.8% year-on-year in December 2025, slipping further from a 1.6% fall in the previous month. The latest figure marked the sharpest producer deflation since September, driven by faster decreases in both producer prices (-1.3% vs -1.2% in November) and import costs (-2.8% vs -2.5%). On a monthly basis, producer and import prices fell by 0.2% in December, defying market forecasts of a 0.2% increase but easing from a 0.5% loss in the preceding period. Prices decreased compared to November mainly for petroleum and dairy products in the Producer Price Index, while pharmaceutical preparations, petroleum, and natural gas led declines in the Import Price Index. Average annual inflation in 2025 fell by 1%, mainly due to lower prices for pharmaceuticals, petroleum, electricity, and gas, despite higher food prices. Domestic producer prices fell 0.4% for the year, while import prices dropped 2.2%. source: Swiss Federal Statistical Office

Producer Prices in Switzerland decreased 1.80 percent in December of 2025 over the same month in the previous year. Producer Prices Change in Switzerland averaged 0.99 percent from 1964 until 2025, reaching an all time high of 18.66 percent in April of 1974 and a record low of -6.80 percent in August of 2015. This page provides the latest reported value for - Switzerland Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Producer and Import Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Producer Prices in Switzerland decreased 1.80 percent in December of 2025 over the same month in the previous year. Producer Prices Change in Switzerland is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Producer and Import Prices YoY is projected to trend around 1.40 percent in 2027 and 1.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-15 07:30 AM
Producer & Import Prices YoY
Nov -1.6% -1.7% -1.5%
2026-01-20 07:30 AM
Producer & Import Prices YoY
Dec -1.8% -1.6% -1.3%
2026-02-23 07:30 AM
Producer & Import Prices YoY
Jan -1.8% -1.1%

Components Last Previous Unit Reference
Inflation Rate YoY 0.10 0.10 percent Jan 2026

Related Last Previous Unit Reference
CPI 99.90 100.00 points Jan 2026
Core Consumer Prices 100.10 100.00 points Jan 2026
Core Inflation Rate 0.50 0.50 percent Jan 2026
CPI Housing Utilities 99.70 100.00 points Jan 2026
CPI Transportation 99.60 100.00 points Jan 2026
Export Prices 97.90 97.90 points Dec 2025
Food Inflation -0.40 -0.80 percent Jan 2026
Inflation Rate MoM -0.10 0.00 percent Jan 2026
Producer Prices 104.90 104.90 points Dec 2025
Producer & Import Prices YoY -1.80 -1.60 percent Dec 2025


Switzerland Producer and Import Prices YoY
In Switzerland, the Producer Price Index (PPI) is officially named “Producer and Import Price Index”. Producer price index measures the price development of goods that are produced and sold by enterprises operating within the country and the import price index measures the price development of imported goods. Only domestic sales are considered for the producer price index when combining the indices.
Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -1.60 18.66 -6.80 1964 - 2025 percent Monthly
NSA

News Stream
Swiss Producer and Import Deflation Sharpest in 3 Months
Switzerland’s producer and import prices dropped by 1.8% year-on-year in December 2025, slipping further from a 1.6% fall in the previous month. The latest figure marked the sharpest producer deflation since September, driven by faster decreases in both producer prices (-1.3% vs -1.2% in November) and import costs (-2.8% vs -2.5%). On a monthly basis, producer and import prices fell by 0.2% in December, defying market forecasts of a 0.2% increase but easing from a 0.5% loss in the preceding period. Prices decreased compared to November mainly for petroleum and dairy products in the Producer Price Index, while pharmaceutical preparations, petroleum, and natural gas led declines in the Import Price Index. Average annual inflation in 2025 fell by 1%, mainly due to lower prices for pharmaceuticals, petroleum, electricity, and gas, despite higher food prices. Domestic producer prices fell 0.4% for the year, while import prices dropped 2.2%.
2026-01-20
Swiss Producer and Import Deflation Softest in 4 Months
Switzerland’s producer and import prices fell by 1.6% year-on-year in November 2025, easing slightly from a 1.7% decline in the previous month. The latest figure marked the mildest pace of producer deflation since July, primarily driven by softer decreases in both producer prices (-1.2% vs -1.3% in October) and import prices (-2.5% vs -2.7%). On a monthly basis, producer and import prices fell by 0.5% in November, slipping further from a 0.3% decline in the previous month and defying market expectations of a 0.1% gain. The monthly decrease was mainly due to lower prices for pharmaceutical and chemical products, as well as petroleum and natural gas. In contrast, prices for refined petroleum products continued to rise.
2025-12-15
Swiss Producer and Import Prices Remain Subdued
Switzerland’s producer and import prices dropped by 1.7% year-on-year in October 2025, following a 1.8% decline in the previous month. This marked the 30th consecutive month of producer deflation, driven by decreases in both producer prices (-1.3% vs -1.4% in September) and import costs (-2.7% vs -2.7%). On a monthly basis, producer and import prices fell by 0.3% in October, missing market forecasts of a 0.1% gain and slipping further from a 0.2% loss in the preceding period, with computer, electronic and optical products contributing most to the drop.
2025-11-13