The Federal Statistical Office released its producer and import prices data on Thursday. Switzerland's producer and import prices were flat in March, beating expectations for a 0.2% fall, after a 0.6% decrease in February.

The Import Price Index was flat in March, while producer prices rose 0.1%.

On a yearly basis, producer and import prices plunged 4.7% in March, after a 4.6% drop in February.

The Import Price Index fell by 7.5% year-on year in March, while producer prices dropped 3.5%.