Latest data released by the Federal Statistics Office - 18 March 2021

  • Prior +0.3%
  • Producer and import prices -1.1% y/y
  • Prior -2.1%

No change to producer and import prices on the month, after some recent improvement in the months prior. In any case, the lack of sustained upwards pressure on prices is just going to keep the SNB policy stance as it is. Let's move on.