Producer and import prices in Switzerland dropped 1.7 percent year-on-year in July 2019, following a 1.4 percent decline in the previous month and compared to market expectations of a 1.5 percent fall. It was the steepest decrease in producer and import prices since April 2016, amid falls in both import (-3.0 percent vs -2.8 percent) and producer prices (-1.0 percent vs -0.7 percent). On a monthly basis, producer and import prices edged down 0.1 percent in June. Producer Prices Change in Switzerland averaged 1.07 percent from 1964 until 2019, 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.
Producer Prices Change in Switzerland is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Switzerland to stand at 1.20 in 12 months time. In the long-term, the Switzerland Producer and Import Prices YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.