16.04.202606:46:06UTC+00Swiss Producer and Import March Deflation Remains Sharp

Switzerland’s producer and import prices fell by 2.7% year-on-year in March 2026, matching the pace recorded in February. This remained the steepest annual decline since November 2020 and was driven by continued deflation in both producer prices (-2.4% vs. -2.3% in February) and import prices (-3.2% vs. -3.5%). On a monthly basis, producer and import prices increased by 0.2% in March, in line with market expectations and recovering from a 0.3% decline in the previous month. Within the Producer Price Index, prices rose particularly for petroleum products and dairy products, partly offset by lower prices for confectionery and meat products. In the Import Price Index, costs increased for petroleum, natural gas, apparel, and metals, while decreases in prices for pharmaceuticals, electronics, fruits, and other manufactured goods had a dampening effect.