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Swiss Producer and Import Price Index in August 2018: +3.4 percent YoY, unchanged 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? Neuchâtel, 13 September 2018 (FSO) – The Producer and Import Price Index remained

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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?

Neuchâtel, 13 September 2018 (FSO) – The Producer and Import Price Index remained unchanged in August 2018 compared with the previous month. The index stood at 103.4 points (December 2015 = 100). Prices were higher in particular for pharmaceutical and chemical products, while scrap became cheaper. Compared with August 2017, the price level of the whole range of domestic and imported products rose by 3.4%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, August 2018

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in August 2018: +3.4 percent YoY, unchanged MoM

Source: investing.com - Click to enlarge

Download press release: The Producer and Import Price Index remained stable overall in August 2018

German Text:

Produzenten- und Importpreisindex bleibt im August 2018 insgesamt stabil

Neuchâtel, 13. September 2018 (BFS) – Der Gesamtindex der Produzenten- und Importpreise blieb im August 2018 gegenüber dem Vormonat unverändert. Sein Stand beträgt 103,4 Punkte (Dezember 2015 = 100). Höhere Preise zeigten insbesondere pharmazeutische und chemische Produkte, billiger wurde Schrott. Im Vergleich zum August 2017 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 3,4 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Anstieg des Produzentenpreisindexes gegenüber dem Vormonat waren vor allem die pharmazeutischen Spezialitäten verantwortlich. Steigende Preise beobachtete man auch für Anstrichmittel, Druckfarben und Kitte, Rohmilch und pharmazeutische Grundstoffe. Billiger wurden hingegen Schrott, Schlachtschweine, Schweinefleisch sowie Gummi- und Kunststoffprodukte.

Tiefere Preise gegenüber dem Juli 2018 registrierte man im Importpreisindex vor allem für Nichteisen-Metalle und daraus hergestellte Produkte. Billiger wurden auch Papier und Papierprodukte, Gummi- und Kunststoffprodukte, Kern- und Steinobst sowie Kabel und elektrisches Installationsmaterial. Preiserhöhungen zeigten dagegen pharmazeutische Grundstoffe, organische Produkte der chemischen Industrie, Kunststoffe in Primärformen, Treibstoff und sonstige chemische Produkte.

Swiss Producer and Import Price Index in August 2018: +3.4 percent YoY, unchanged MoM

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Swiss Producer and Import Price Index in August 2018: +3.4 percent YoY, unchanged 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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