The Producer and Import Price Index increased in April 2023 by 0.2% compared with the previous month, reaching 109.5 points (December 2020 = 100). Machinery in particular was more expensive. Petroleum products, in contrast, became cheaper. Compared with April 2022, the price level of the whole range of domestic and imported products rose by 1.0%. These are the results from the Federal Statistical Office (FSO).
In particular, higher prices for machinery were responsible for the increase in the producer price index compared with the previous month. Electrical equipment, watches, metal products as well as instruments and appliances for measuring and testing also became more expensive. In contrast, prices for petroleum products, basic metals, semi-finished metal products and gas declined.
The import price index also registered higher prices compared with March 2023, particularly for machinery. Rising prices were also observed for electrical equipment, instruments and appliances for measuring and testing, petroleum and natural gas, metal products, pharmaceutical preparations, furniture and medical and dental instruments and supplies. Petroleum products, basic metals, semi-finished metal products as well as computers and peripheral equipment, however, became cheaper.
Source: Trading Economics
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