Switzerland May producer and import prices -0.3% vs +0.2% m/m prior

• Prior +0.2%

Looking at the breakdown for the month, producer prices actually increased by 0.4% in May but that is more than offset by the plunge in import prices - down by 1.8% on the month. The latter in particular mainly reflects cheaper energy prices, which has been a key contributer to lower price pressures across the European region this year.