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The Federal Statistical Office released its producer and import prices data on Friday. Switzerland's producer and import prices declined 0.6% in January, in line with expectations, after a 0.4% fall in December.
On a yearly basis, producer and import prices decreased 2.7% in January, missing expectation for a 1.5% decline, after a 2.1% drop in December.
The decline was driven by lower prices for petroleum and petroleum products.
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