Latest data released by the Federal Statistics Office – 13 June 2019
- Prior 0.0%
- Producer and import prices -0.8% vs -0.7% y/y expected
- Prior -0.6%
Although it is only a proxy indicator of inflationary pressures, the fact that producer prices are seen continuing to decline isn’t going to feed much confidence to the SNB that inflation is heading in the right direction. Let’s see what the central bank has to say with their forecasts later in just about an hour’s time.