Swiss Producer and Import Price Index in January 2017: +0.4 percent

Last update February 18, 2017

George Dorgan February 18, 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. See more in Is the Swiss Franc overvalued?. Producer and Import Price Index in January 2017 From the data release of Swiss Statistics: Neuchâtel, 14.02.2017 (FSO) – The Producer and Import Price Index rose in January 2017 by 0.4% compared with the previous month, reaching 100.4 points (base December 2015 = 100). The rise is due in particular to higher prices for petroleum products, scrap and watches. Compared with January 2016, the price level of the whole range of domestic and imported products rose by 0.8%. These are the findings from the Federal Statistical Office (FSO). Switzerland Producer Price Index (PPI) YoY, January 2017(see more posts on Switzerland Producer Price Index, ) 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 January 2017

From the data release of Swiss Statistics:

Neuchâtel, 14.02.2017 (FSO) – The Producer and Import Price Index rose in January 2017 by 0.4% compared with the previous month, reaching 100.4 points (base December 2015 = 100). The rise is due in particular to higher prices for petroleum products, scrap and watches. Compared with January 2016, the price level of the whole range of domestic and imported products rose by 0.8%. These are the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, January 2017

(see more posts on Switzerland Producer Price Index, )

Swiss Producer and Import Price Index in January 2017: +0.4 percent

Source: Investing.com - Click to enlarge

Download press release Producer and Import Price Index in January 2017

German text:

Produzenten- und Importpreisindex im Januar 2017

Produzenten- und Importpreisindex steigt um 0,4 Prozent

Neuchâtel, 14.02.2017 (BFS) – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im Januar 2017 gegenüber dem Vormonat um 0,4 Prozent und erreichte den Stand von 100,4 Punkten (Basis Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte, Schrott und Uhren zurückzuführen. Im Vergleich zum Januar 2016 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,8 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 Schrott, Mineralölprodukte und Uhren verantwortlich. Teurer wurde auch Stahl. Sinkende Preise beobachtete man dagegen für elektronische Bauelemente und Leiterplatten.

Höhere Preise gegenüber dem Dezember 2016 registrierte man im Importpreisindex vor allem für Treibstoff, Heizöl, Erdöl und Erdgas. Dasselbe gilt für Gemüse und Kartoffeln, Roheisen, Stahl, Uhrenbestandteile und verarbeiteter Stahl. Billiger wurden dagegen Computer und periphere Geräte, sonstiges Obst und Nüsse, Nichteisen-Metalle und daraus hergestellte Produkte sowie Geräte der Unterhaltungselektronik.