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Swiss Producer and Import Price Index in November 2017: +1.8 YoY, +0.6 MoM

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. In 2017, however, producer prices are rising again – in both Europe and Switzerland. See more in Is the Swiss Franc overvalued? Producer and Import Price Index in November 2017 From the data release of Swiss

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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. In 2017, however, producer prices are rising again – in both Europe and Switzerland. See more in Is the Swiss Franc overvalued?

Producer and Import Price Index in November 2017

From the data release of Swiss Statistics:

Neuchâtel, 14.12.2017 (FSO) – The Producer and Import Price Index rose in November 2017 by 0.6% compared with the previous month, reaching 101.6 points (base December 2015 = 100). The rise is due in particular to higher prices for petroleum products, chemical and pharmaceutical products and scrap. Compared with November 2016, the price level of the whole range of domestic and imported products rose by 1.8%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, November 2017

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in November 2017: +1.8 YoY, +0.6 MoM

Source: Investing.com - Click to enlarge

Download press release Producer and Import Price Index in November 2017

German text Produzenten- und Importpreisindex im November 2017

Produzenten-und Importpreisindex im November 2017

Produzenten-und Importpreisindex steigt um 0,6 Prozent im November 2017

Neuchâtel,14.12.2017(BFS)–Der Gesamtindex der Produzenten – und Importpreise erhöhte sich im November 2017 gegenüber dem Vormonat um 0,6 Prozent und erreichte den Stand von 101,6 Punkten (Basis Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte, chemische und pharmazeutische Produkte sowie Schrott zurückzuführen. Im Vergleich zum November 2016 stieg das Preisniveau des Gesamtangebots von Inland – und Import – produkten um 1,8 Prozent. 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 pharmazeutische Spezialitäten, Schrott und Mineralölprodukte verantwortlich. Teurer wurden auch chemische Grundstoffe und Kunststoffprodukte. Preisrückgänge beobachtete man dagegen für pharmazeutische Grundstoffe.

Steigende Preise gegenüber dem Oktober 2017 registrierte man im Importpreisindex vor allem für Mineralölprodukte. Preiserhöhungen zeigten auch Erdöl und Erdgas, Metalle, Metallhalbzeug, pharmazeutische Grundstoffe und Kunststoffe in Primärformen. Dasselbe gilt für Maschinen, sonstige chemische Produkte, Kunststoffprodukte sowie Papier und Papierprodukte. Billiger wurden hingegen organische Produkte der chemischen Industrie, pharmazeutische Spezialitäten und Frischgemüse.

Swiss Producer and Import Price Index in November 2017: +1.8 YoY, +0.6 MoM

- Click to enlarge

Swiss Producer and Import Price Index in November 2017: +1.8 YoY, +0.6 MoM


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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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