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Swiss Producer and Import Prices Decline For the Fifth Month on Energy Costs
Friday, 16 January 2009 07:36:47 GMT  |  Geng Chen, DailyFX Research
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Switzerland producer and import prices fell for a fifth month after lower energy costs ease inflation pressures across the economy. The headline reading shows prices dropped 0.7% in December, which was followed by a 1.4% decline in November. On annual basis, the index slipped to 0.4% from 1.1% in previous month, which is the lowest level in more than four years. The falling price pressure in line with the SNB inflation forecast for 2009, which is down to 0.9% from 2.4% in 2008. This would allow the Swiss National Bank to ease policy further as policymakers expect economic activity to deteriorate throughout 2009.

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