Switzerland January producer and import prices +0.7% vs -0.7% m/m prior

• Prior -0.7%
• Producer and import prices +3.3% y/y
• Prior +3.2%

Looking at the breakdown, producer prices increased by by 0.7% on the month while import prices increased by 0.6% on the month. That will just add to the pressure as seen from the CPI data yesterday, that Swiss inflation is not letting up just yet.