Switzerland's producer and import prices fell by 0.9% year-on-year in December 2024, moderating from the 1.5% decline recorded in November.
Swiss prices fall slower in December
This marked the twentieth consecutive month of price decreases but represented the smallest drop since October 2023, signaling a potential stabilization in pricing pressures. The improvement was driven by a slower decline in producer prices (-0.1% compared to -0.4% in November) and import costs (-2.6% versus -3.8%).
Producer and import prices remained flat every month, missing market expectations of a 0.2% rise but improving from the 0.6% decline observed in November.
Swiss data suggests easing deflation ahead of 2025
The data points to a gradual easing of deflationary pressures, suggesting a potential turning point for Switzerland’s pricing dynamics heading into 2025.
