The Swiss producer and import price index (PPI) increased 0.7% month-on-month in August to reach 100.4 points, according to the Federal Statistical Office. The producer price index component rose 0.2%, while the import price index jumped 1.9%.
Higher oil and gas prices were cited as the main driver of the increase, pushing up import prices. On an annual basis the PPI stayed in negative territory, down 0.7% compared with August 2025, after a -2.1% decline in July.
Specific contributors to the rise included mineral oil products, chemical products, petroleum and natural gas, as well as pork, raw milk, rubber and plastic goods. Pharmaceutical base materials, other chemical products and electricity for large consumers became cheaper.
Import prices also reflected higher mineral oil, petroleum and natural gas costs, plus increases for organic chemical products, vegetables, melons, potatoes, rubber and plastic goods, inorganic chemical products, other chemical products, paper and raw coffee. Computer prices fell.
The PPI is regarded as a leading indicator for consumer prices, though it shows greater volatility due to its commodity exposure. The year-on-year consumer price index (CPI) in August 2026 stood at 0.8%, a notable increase from earlier readings.
