Market Updates: Swiss Producer Price Index Slips by 0.6%
Swiss Producer and Import Price Index fell in December 2018 by 0.6% compared with the previous month, reaching 102.5 points.
Arslan Butt•Friday, January 18, 2019•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!
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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