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The Federal Statistical Office released its producer and import prices data on Monday. Switzerland's producer and import prices fell 0.8% in May, after a 2.1% drop in April.
On a yearly basis, producer and import prices plunged 6.0% in May, after a 5.2% drop in April.
The decline was driven by lower prices for chemical and pharmaceutical products. Prices for petroleum and petroleum products increased in May.
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