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The Federal Statistical Office released its producer and import prices data on Monday. Switzerland's producer and import prices fell 0.7% in August, after a 0.3% drop in July.
The decline was mainly driven by lower prices for chemical and pharmaceutical products.
The Import Price Index decreased by 1.0% in August, while producer prices fell 0.6%.
On a yearly basis, producer and import prices plunged 6.8% in August, after a 6.4% drop in July. It was the biggest drop since April 1950.
The Import Price Index fell by 11.2% year-on year in August, while producer prices dropped 4.8%.
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