Latest data release by the Swiss Federal Statistical Office - 14 Dec 2017
- PPI y/y +1.8% vs +1.2% prior
Some decent inflation-related numbers from Switzerland. A positive sign in the balance of things. But not a data point to impact the CHF.
Switzerland has been struggling for inflation but recently there are signals that it is coming back, with the November inflation reading coming in at the highest level since 2011 on a y/y basis - but it's still only at 0.8%.
So a positive PPI number here surely does that no harm - especially the y/y jump to 1.8%.