Switzerland December producer and import prices -0.7% vs -0.5% m/m prior

• Prior -0.5%
• Producer and import prices +3.2% y/y
• Prior +3.8%

Looking at the breakdown, producer prices declined by 0.2% last month while import prices fell by over 1.7% on the month. The latter in particular is proving to be the main drag, likely driven by lower energy prices in the region.