by George Dorgan
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The Producer Price Index (PPI) or officially named "Producer and Import Price Index" describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015 (see below), compared to -3% in Europe or -1% in the U.S., diminished the overvaluation. See more in Is the Swiss Franc overvalued?. Producer and Import Price Index in November 2016 From the data release of Swiss Statistics: Neuchâtel, 14.12.2016 (FSO) – The Producer and Import Price Index rose in November 2016 by 0.1% compared with the previous month, reaching 99.9 points (base December 2015 = 100). The slight rise is due in particular to higher prices for scrap and petroleum products. Compared with November 2015, the price level of the whole range of domestic and imported products fell by 0.6%. These are the findings from the Federal Statistical Office (FSO). Switzerland Producer Price Index (PPI) YoY, November 2016(see more posts on Switzerland Producer Price Index, ) Source: Investing.
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Producer and Import Price Index in November 2016
From the data release of Swiss Statistics:
| Neuchâtel, 14.12.2016 (FSO) – The Producer and Import Price Index rose in November 2016 by 0.1% compared with the previous month, reaching 99.9 points (base December 2015 = 100). The slight rise is due in particular to higher prices for scrap and petroleum products. Compared with November 2015, the price level of the whole range of domestic and imported products fell by 0.6%. These are the findings from the Federal Statistical Office (FSO). |
Switzerland Producer Price Index (PPI) YoY, November 2016(see more posts on Switzerland Producer Price Index, ) Source: Investing.com - Click to enlarge |
Download press release: Producer and Import Price Index in November 2016
German text:
Produzenten- und Importpreisindex im November 2016
Produzenten- und Importpreisindex steigt um 0,1 Prozent
Neuchâtel, 14.12.2016 (BFS) – Der Gesamtindex der Produzenten- und Importpreise stieg im November 2016 gegenüber dem Vormonat um 0,1 Prozent und erreichte den Stand von 99,9 Punkten (Basis Dezember 2015 = 100). Der leichte Anstieg ist vor allem auf höhere Preise für Schrott und Mineralölprodukte zurückzuführen. Im Vergleich zum November 2015 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,6 Prozent zurück. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.
Für den Anstieg des Produzentenpreisindexes gegenüber dem Vormonat waren insbesondere die höheren Preise für Schrott verantwortlich. Teurer wurden auch Mineralölprodukte und pharmazeutische Grundstoffe. Sinkende Preise beobachtete man dagegen für pharmazeutische Spezialitäten.
Tiefere Preise gegenüber dem Oktober 2016 registrierte man im Importpreisindex vor allem für Erdöl und Erdgas sowie organische Produkte der chemischen Industrie. Dasselbe gilt für Frischgemüse, Zitrusfrüchte, Computer, pharmazeutische Grundstoffe und Kunststoffe in Primärformen. Preisanstiege zeigten hingegen Treibstoff, Nichteisen-Metalle und daraus hergestellte Produkte, Heizöl und Rohkaffee.
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