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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 May 2017 From the data release of Swiss Statistics:
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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 May 2017
From the data release of Swiss Statistics:
| Neuchâtel, 15.06.2017 (FSO) – The Producer and Import Price Index fell in May 2017 by 0.3% compared with the previous month, reaching 99.8 points (base December 2015 = 100). This decline is due in particular to lower prices for pharmaceutical products and petroleum products. Compared with May 2016, the price level of the whole range of domestic and imported products rose by 0.1%. |
Switzerland Producer Price Index (PPI) YoY, May 2017(see more posts on Switzerland Producer Price Index, ) Source: Investing.com - Click to enlarge |
Download press release : Producer and Import Price Index in May 2017
German text: Produzenten- und Importpreisindex im Mai 2017
Produzenten- und Importpreisindex im Mai 2017
Produzenten- und Importpreisindex sinkt um 0,3 Prozent im Mai 2017Neuchâtel, 15.06.2017 (BFS) – Der Gesamtindex der Produzenten- und Importpreise sank im Mai 2017 gegenüber dem Vormonat um 0,3 Prozent und erreichte den Stand von 99,8 Punkten (Basis Dezember 2015 = 100). Der Rückgang ist vor allem auf tiefere Preise für pharmazeutische Produkte und Mineralölprodukte zurückzuführen. Im Vergleich zum Mai 2016 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,1 Prozent. Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren insbesondere die tieferen Preise für pharmazeutische Spezialitäten verantwortlich. Billiger wurden auch pharmazeutische Grundstoffe, Mineralölprodukte, Anstrichmittel, Druckfarben und Kitte sowie sonstige chemische Erzeugnisse. Steigende Preise beobachtete man dagegen für Schrott. Preisrückgänge gegenüber dem April 2017 registrierte man im Importpreisindex vor allem für Treibstoff, Erdöl und Erdgas. Dasselbe gilt für Heizöl, Computer sowie Nichteisen-Metalle und daraus hergestellte Produkte. Höhere Preise zeigten hingegen organische Produkte der chemischen Industrie, Kunststoffprodukte und Kunststoffe in Primärformen. Teurer wurden auch Kern- und Steinobst sowie pharmazeutische Grundstoffe. |
 - Click to enlarge |
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