Swiss producer prices drop by -2.1% in 2014

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Average annual producer prices in Switzerland declined to -1.1% throughout 2014, marking an overall reduction of 2.1% compared to the previous year, according to the Swiss Federal Statistical Office (FSO).

According to the FSO, the decline was largely driven by the global drop in oil prices petroleum products. Prices for domestically produced goods declined by -0.8% while prices for imported goods decined by -1.8%.

The annual decline of 1.1% in 2014 marks the strongest fall in producer prices since 2009, when annual producer prices fell by -3.9%.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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