Latest data released by the Federal Statistics Office - 13 July 2021

  • Prior +0.8%
  • Producer and import prices +2.9% y/y
  • Prior +3.2%

Another month, another increase in producer prices and that bolsters the narrative of stronger inflation pressures amid supply chain disruptions. That said, for Switzerland, even that in itself isn't enough to lift broader price pressures to get to levels that the SNB wants.