Switzerland January producer and import prices +0.3% vs +0.5% m/m prior

Latest data released by the Federal Statistics Office – 23 February 2021

  • Prior +0.5%
  • Producer and import prices -2.1% y/y
  • Prior -2.3%

Producer prices continue to show some improvement to start the new year but the annual figure still reflects more deflation pressures in the Swiss economy. Nothing that will really suggest a change of stance to SNB policy whatsoever.
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