Switzerland’s producer and import prices dropped by 2.1% year-on-year in June 2026, accelerating from a 1.8% fall in the previous month and extending a three-year deflationary streak. The latest reading also marked the steepest annual decline since March, reflecting continued weakness in both domestic and imported prices. Producer prices fell further (-2.7% vs -2.5% in May), driven by lower prices for electricity and gas supply (-7%), water treatment and distribution (-3.4%), and manufactured goods (-2.5%), particularly chemical and pharmaceutical products (-6.8%) and computer, electronic and optical products, including watches (-2.4%). Import prices also declined 0.8% (vs -0.2%), as cheaper costs for agricultural products (-1.1%) and manufactured goods (-0.8%) outweighed an increase in mining and quarrying (7.7%). On a monthly basis, producer and import prices fell 0.3%, following a 0.4% loss in May, mainly due to lower petroleum-related prices.