Swiss Producer and Import March Deflation Remains Sharp

2026-04-16 06:46 By Joshua Ferrer 1 min. read

Switzerland’s producer and import prices declined by 2.7% year-on-year in March 2026, the same pace as in the previous month.

It remained the sharpest drop in producer prices since November 2020, driven by ongoing deflation in producer prices (-2.4% vs -2.3% in February) and import costs (-3.2% vs -3.5%).

On a monthly basis, producer and import prices rose by 0.2% in March, in line with market expectations and rebounding from a 0.3% fall in the preceding period.

Within the Producer Price Index, prices rose in particular for petroleum products as well as dairy products, partly offset by declines in confectionery and meat products.

Costs also increased for petroleum, natural gas, apparel, and metals in the Import Price Index, though this was tempered by lower costs for pharmaceuticals, electronics, fruits, and other manufactured goods.



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Swiss Producer and Import March Deflation Remains Sharp
Switzerland’s producer and import prices declined by 2.7% year-on-year in March 2026, the same pace as in the previous month. It remained the sharpest drop in producer prices since November 2020, driven by ongoing deflation in producer prices (-2.4% vs -2.3% in February) and import costs (-3.2% vs -3.5%). On a monthly basis, producer and import prices rose by 0.2% in March, in line with market expectations and rebounding from a 0.3% fall in the preceding period. Within the Producer Price Index, prices rose in particular for petroleum products as well as dairy products, partly offset by declines in confectionery and meat products. Costs also increased for petroleum, natural gas, apparel, and metals in the Import Price Index, though this was tempered by lower costs for pharmaceuticals, electronics, fruits, and other manufactured goods.
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