Swiss PPI jumps over forecasts

Source: WBP Online
© Reuters
The Producer Price Index climbed 0.3% and surprised analysts who had forecast a 0.1% gain. The occurrence is chiefly surprising because the Consumer Price Index failed to escape the red zone a few days before. The year-on-year PPI, however showed -2.7%, which is still a significant improvement from the -4.7% level the month before.
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