Latest data released by the Swiss Federal Statistics Office - 13 December 2018
- Prior +0.2%
- PPI +1.4% vs +1.7% y/y expected
- Prior +2.3%
Continued weakening in producer and import prices, goes to show that there are waning inflationary pressures observed in the Swiss economy as we wind down the year. The release here isn't all too important though as it is a lagging data point, considering we already had the November CPI figures released earlier in the month.
USD/CHF sits at 0.9919 near the lows for the day now as the swissie follows the euro higher, with the SNB policy decision awaited in just under 15 minutes now.
