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Swiss Producer and Import Price Index, September 2016: +0.3 percent MoM, -0.1 percent YoY

Summary:
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 September 2016 From the data release of Swiss Statistics: 0.3% rise in Producer and Import Price Index Neuchâtel, 14.10.2016 (FSO) – The Producer and Import Price Index rose in September 2016 by 0.3% compared with the previous month, reaching 99.7 points (base December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with September 2015, the price level of the whole range of domestic and imported products fell by 0.1%. Download this press release (pdf, 129 KB) Switzerland Producer Price Index (PPI) YoY, September 2016(see more posts on Switzerland Producer Price Index, )Switzerland Producer Price Index (PPI) YoY, September 2016 Source: Investing.

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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 September 2016

From the data release of Swiss Statistics:

0.3% rise in Producer and Import Price Index

Neuchâtel, 14.10.2016 (FSO) – The Producer and Import Price Index rose in September 2016 by 0.3% compared with the previous month, reaching 99.7 points (base December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with September 2015, the price level of the whole range of domestic and imported products fell by 0.1%.

Download this press release (pdf, 129 KB)

Switzerland Producer Price Index (PPI) YoY, September 2016

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index, September 2016: +0.3 percent MoM, -0.1 percent YoY

Switzerland Producer Price Index (PPI) YoY, September 2016 Source: Investing.com - Click to enlarge

German Text:

Produzenten- und Importpreisindex im September 2016

Produzenten- und Importpreisindex steigt um 0,3 Prozent

Neuchâtel, 14.10.2016 (BFS) – Der Gesamtindex der Produzenten- und Importpreise stieg im
September 2016 gegenüber dem Vormonat um 0,3 Prozent und erreichte den Stand von
99,7 Punkten (Basis Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für
Mineralölprodukte zurückzuführen. Im Vergleich zum September 2015 ging das Preisniveau
des Gesamtangebots von Inland- und Importprodukten um 0,1 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 Mineralölprodukte und Schrott verantwortlich. Teurer wurde auch Rohmilch.
Sinkende Preise beobachtete man hingegen bei Schlachtschweinen und Schweinefleisch.

Höhere Preise gegenüber dem August 2016 registrierte man im Importpreisindex vor allem für
Treibstoff, Heizöl sowie Erdöl und Erdgas. Dasselbe gilt für pharmazeutische Spezialitäten,
Personenwagen und Bekleidung. Preisrückgänge zeigten dagegen Leder, Lederwaren und Schuhe
sowie Kupfer und daraus hergestellte Produkte.

Swiss Producer and Import Price Index, September 2016: +0.3 percent MoM, -0.1 percent YoY

Swiss Producer and Import Price Index, September 2016: +0.3 percent MoM, -0.1 percent YoY

George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.

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