Swiss Producer, Import Prices Rose for Third Month in November

Dec. 13 (Bloomberg) -- Swiss producer and import prices rose for a third month in November from a year earlier, led by higher domestic costs.

Costs for products ranging from factory to farm goods as well as imports advanced 1.2 percent from November last year after climbing an annual 0.4 percent in October, the Federal Statistics Office in Neuchatel, Switzerland, said today. Economists forecast a gain of 1 percent, the median of five estimates in a Bloomberg News survey showed. Prices were unchanged in the month.

Import costs fell 0.4 percent in the month and increased 0.7 percent from a year earlier, today’s report showed. Producer prices advanced 0.1 percent in the month and climbed 1.5 percent in the year.

To contact the reporter on this story: Zoe Schneeweiss in Zurich at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net