BREAKING: Swiss producer prices keep falling 🇨🇭📉

07:30 AM BST, Switzerland - Inflation Data for June:

PPI: actual -0.7% YoY; previous -0.7% YoY;
PPI: actual -0.1% MoM; forecast 0.2% MoM; previous -0.5% MoM;

Swiss PPI falls for the second consecutive month, highlighting the deflationary pressure looming over Switzerland. The decline is mainly driven by falling prices pretoleum products and various imported goods, linked to the strong appreciation of the Swiss franc in recent months. On the other hand, prices of pretroleum itself and food have increased. The euro-franc (EUR/CHF) is rebounding by 0.05% following the data release.

Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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