The Federal Statistical Office released its producer and import prices data on Tuesday. Switzerland's producer and import prices fell 0.1% in September, after a 0.7% drop in August.

The decline was mainly driven by lower prices for crude petroleum and fuel products.

The Import Price Index decreased by 0.2% in September, while producer prices were flat.

On a yearly basis, producer and import prices plunged 6.8% in September, after a 6.8% drop in August. It was the biggest drop since April 1950.

The Import Price Index fell by 11.2% year-on year in September, while producer prices dropped 4.8%.