Switzerland’s producer and import prices rose by 0.9% year-on-year in October 2026, the first increase since April 2023, following a 0.2% decline in September. The rebound was primarily driven by a sharp acceleration in import prices, which climbed 4.3% after a 0.8% rise in the previous month, while the decline in producer prices eased to 0.5% from 1.2%.
Higher import costs were largely attributable to petroleum and natural gas (+68.3%), petroleum products (+117.7%), and manufactured products (+3.5%). On the producer side, prices were supported by petroleum products (+116.3%), wiring devices (+6.4%), and medical and dental instruments and supplies (+1.9%).
Month-on-month, the combined index advanced 0.9%, far exceeding market expectations of a 0.2% increase and marking the fastest rise since May 2022. This was also an acceleration from the 0.3% gain recorded in September, as import prices jumped 1.7% and producer prices climbed 0.5%.
