Swiss Producer and Import Price Index in October 2017: +1.2 YoY, +0.5 MoM

Last update November 14, 2017

George Dorgan November 14, 2017 SNB & CHF

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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 October 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 October 2017

From the data release of Swiss Statistics:

Neuchâtel, 14.11.2017 (FSO) – The Producer and Import Price Index rose in October 2017 by 0.5% compared with the previous month, reaching 101.0 points (base December 2015 = 100). The rise is due in particular to higher prices for machinery, electrical equipment and metal products. Compared with October 2016, the price level of the whole range of domestic and imported products rose by 1.2%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, October 2017

(see more posts on Switzerland Producer Price Index, )

Swiss Producer and Import Price Index in October 2017: +1.2 YoY, +0.5 MoM

Source: Investing.com - Click to enlarge

Download press release Producer and Import Price Index in October 2017

German text Produzenten- und Importpreisindex im Oktober 2017

Produzenten- und Importpreisindex im Oktober 2017

Produzenten- und Importpreisindex steigt um 0,5 Prozent im Oktober 2017

Neuchâtel, 14.11.2017 (BFS) – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im Oktober 2017 gegenüber dem Vormonat um 0,5 Prozent und erreichte den Stand von 101,0 Punkten (Basis Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Maschinen, elektrische Ausrüstungen und Metallprodukte zurückzuführen. Im Vergleich zum Oktober 2016 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 1,2 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 Maschinen verantwortlich. Teurer wurden auch elektrische Ausrüstungen, Metallprodukte sowie medizinische und zahnmedizinische Apparate und Materialien. Preisrückgänge beobachtete man dagegen für Schrott und Uhren.

Steigende Preise gegenüber dem September 2017 registrierte man auch im Importpreisindex vor allem für Maschinen sowie elektrische Ausrüstungen und Metallprodukte. Preiserhöhungen zeigten zudem Erdöl und Erdgas, Heizöl, Stahl, Möbel, medizinische und zahnmedizinische Apparate und Materialien, Mess- und Kontrollinstrumente, verarbeiteter Stahl, Aluminium und daraus hergestellte Produkte sowie Frischgemüse.