Latest data released by the Swiss Federal Statistics Office - 13 September 2018
- Prior +0.1%
- PPI +3.4% vs +3.4% y/y expected
- Prior +3.6%
In-line with expectations there as producer and import prices continue to hold up well in the Swiss economy. It's a rough gauge of inflationary pressures and that should continue to keep the belief that inflation is improving - albeit slowly - in Switzerland. And that will keep the SNB's current inflation outlook intact.