Market Updates: Swiss Producer Price Index Slips by 0.6%
Arslan Butt • 1 min read
PPI is a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer. As per the recent report, the Swiss Producer and Import Price Index fell in December 2018 by 0.6% compared with the previous month, reaching 102.5 points (December 2015 = 100).
Compared with December 2017, the price level of the whole range of domestic and imported products rose by 0.6%. The average annualized inflation rate in 2018 was 2.4%.
However, this hasn’t impacted the USD/CHF at all and the pair continues to trade steady in an ascending triangle pattern. As of now, there’s no confirmed trade on it yet, but stay tuned to FX Leaders for more forex trading signals!