Switzerland March producer and import prices +0.3% vs +0.2% m/m expected
Latest data released by the Federal Statistics Office - 15 April 2019
- Prior +0.2%
- Producer and import prices -0.2% vs -0.3% y/y expected
- Prior -0.7%
Producer prices improve again on the month but on an annual basis, remains lower relative to March last year. The release here is a rough gauge of inflationary pressures in the Swiss economy and basically highlights that there is still much improvement needed if the SNB is to even consider normalising monetary policy.