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Swiss Producer and Import Price Index in February 2018: +2.3 percent YoY, +0.3 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, 15 March 2018 (FSO) – The Producer and Import Price Index rose in February

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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, 15 March 2018 (FSO) – The Producer and Import Price Index rose in February 2018 by 0.3% compared with the previous month, reaching 102.6 points (December 2015=100). The rise is due in particular to higher prices for chemical and pharmaceutical products. Compared with February 2017, the price level of the whole range of domestic and imported products rose by 2.3%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, February 2018

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in February 2018: +2.3 percent YoY, +0.3 MoM

Source: Investing.com - Click to enlarge

Download press release: Producer and Import Price Index in February 2018

German Text:

Neuchâtel, 15. März 2018 (BFS) – Der Gesamtindex der Produzenten- und  Importpreise erhöhte sich im Februar 2018 gegenüber dem Vormonat um 0,3 Prozent und erreichte den  Stand von 102,6 Punkten (Basis Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere  Preise für chemische und pharmazeutische Produkte zurückzuführen. Im Vergleich zum  Februar 2017 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 2,3  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 verantwortlich. Teurer wurden  auch sonstige chemische Produkte und pharmazeutische Grundstoffe. Preisrückgänge  beobachtete man dagegen für Schrott.

Steigende Preise gegenüber dem Januar 2018 registrierte man im Importpreisindex vor allem für organische Produkte der chemischen Industrie. Dasselbe gilt für  pharmazeutische Grundstoffe, Kunststoffe in Primärformen, sonstige chemische Produkte sowie Gummi- und  Kunststoffprodukte. Billiger wurden hingegen pharmazeutische Spezialitäten, Heizöl, Nichteisen- Metalle und daraus hergestellte Produkte sowie Frischgemüse.

Swiss Producer and Import Price Index in February 2018: +2.3 percent YoY, +0.3 MoM

- Click to enlarge

Swiss Producer and Import Price Index in February 2018: +2.3 percent YoY, +0.3 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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