forex news - Dropping of Swiss Producer and Import Prices

forex news - Dropping of Swiss Producer and Import Prices

Switzerland producer and import prices have marked the biggest back-down since 1975 in November on the back of dropping raw material prices. The headline reading indicates prices fall 1.4% in November, for 4th following month, a sudden drop of 0.6% in preceding month. On yearly base, the index dropped to 1.1% from 2.9% in October. The dropping price weight is similar to the SNB price-increases estimate for 2009, which is changed down to 0.9% from first estimation of 1.9%. The rising expansion concerns with the dovish position indicates that the SNB is going to keep on relieving the policy next year and might increase their attempts as officials conduct their double consent to ensure price