Switzerland’s producer and import prices fell by 2.1% year-on-year in June 2026, after a 1.8% decline in May, extending a three-year deflationary trend. This was the sharpest annual drop since March and underscores persistent weakness in both domestic and imported prices.
Producer prices decreased by 2.7% (after -2.5% in May), led by lower prices in electricity and gas supply (-7.0%), water treatment and distribution (-3.4%), and manufactured goods (-2.5%). Within manufacturing, prices fell particularly for chemical and pharmaceutical products (-6.8%) and for computer, electronic and optical products, including watches (-2.4%).
Import prices were down 0.8% year-on-year (after -0.2% previously), as lower costs for agricultural products (-1.1%) and manufactured goods (-0.8%) more than offset higher prices in mining and quarrying (+7.7%).
On a monthly basis, combined producer and import prices declined by 0.3% in June, following a 0.4% decrease in May, mainly reflecting lower prices for petroleum-related products.
