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Swiss Producer and Import Price Index in January 2018: +1.8 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, 13 February 2018 (FSO) – The Producer and Import Price Index rose in January

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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 February 2018 (FSO) – The Producer and Import Price Index rose in January 2018 by 0.3% compared with the previous month, reaching 102.2 points (December 2015=100). The rise is due in particular to higher prices for petroleum products, electricity and gas as well as metals and metal products. Compared with January 2017, the price level of the whole range of domestic and imported products rose by 1.8%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, Jan 2018

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in January 2018: +1.8 YoY, +0.3 MoM

Source: Investing.com - Click to enlarge

Download press release 0.3% rise in Producer and Import Price Index in January 2018

German Text:

Produzenten – und Importpreisindex steigt um 0,3 % im Januar 2018

Neuchâtel, 13. Februar 2018 (BFS) – Der Gesamtindex der Produzenten – und Importpreise erhöhte sich im Januar 2018 gegenüber dem Vormonat um 0,3 % und erreichte den Stand von 102,2 Punk ten (Basis Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte, Elektrizität und Gas sowie Metalle und Metallprodukte  zurückzuführen. Im Vergleich zum Januar 2017 stieg das Preisniveau des Gesamtangebots von Inland – und Importprodukten um 1,8%. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Anstieg des Produzentenpreisindexesgegenüber dem Vormonat waren insbesondere die höheren Preise für Schrott, Elektrizität und Mineralölprodukte verantwortlich. Teurer wurden auch Metallprodukte, Gas, Uhren sowie Bestrahlungs -, Elektrotherapie – und elektromedizinische Geräte.

Steigende Preise gegenüber dem Dezember 2017 registrierte man im Importpreisindex vor allem für Mineralölprodukte. Preiserhöhungen zeigten auch Nichteisen – Metalle und daraus hergestellte Produkte, Erdöl und Erdgas, Metallprodukte, Frischgemüse, Roheisen und Stahl.  Billiger wurden hingegen Computer und periphere Geräte sowie Mess – und Kontrollinstrumente.

Swiss Producer and Import Price Index in January 2018: +1.8 YoY, +0.3 MoM

- Click to enlarge

Swiss Producer and Import Price Index in January 2018: +1.8 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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