Latest data released by the Federal Statistics Office - 14 May 2020
- Prior -0.3%
- Producer and import prices -4.0% y/y
- Prior -2.7%
Annual producer and import prices have fallen to their lowest level since March 2016, showing a further decline in price pressures in the country and that won't do well to support the waning inflation outlook. This just means the SNB may have to step in sooner rather than later with policy action to try and stave off further deflationary pressures.
