Switzerland July producer and import prices -0.1% vs -0.2% m/m expected
Latest data released by the Federal Statistics Office - 15 August 2019
- Prior -0.5%
- Producer and import prices -1.7% vs -1.7% y/y expected
- Prior -1.4%
Producer prices continue to fall yet again and that's indicative of weakening inflationary pressures in the Swiss economy.
That won't bode well for the outlook considering that the annual pace of producer and import prices have fallen to its weakest level since April 2016 - even if this may be just a proxy for inflationary pressures.