Switzerland January producer and import prices +0.6% vs -0.1% m/m prior

  • Latest data released by the Federal Statistics Office - 14 February 2022
  • Prior -0.1%
  • Producer and import prices +5.4% y/y
  • Prior +5.1%

Producer prices continue to tick higher in Switzerland, much like the rest of the region - reaffirming stronger inflation pressures in general. Of note, petroleum and natural gas saw higher prices in particular on the month. The good news for the SNB is that this hasn't led to a material problem in inflation just yet, unlike for the ECB.

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