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Swiss Producer and Import Price Index in July 2018: +3.6 YoY, +0.1 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, 14 August 2018 (FSO) – The Producer and Import Price Index increased in July

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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, 14 August 2018 (FSO) – The Producer and Import Price Index increased in July 2018 by 0.1% compared with the previous month, reaching 103.3 points (December 2015 = 100). The rise is due in particular to higher prices for watches, petroleum and natural gas. Compared with July 2017, the price level of the whole range of domestic and imported products rose by 3.6%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, July 2018

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in July 2018: +3.6 YoY, +0.1 MoM

Source: Investing.com - Click to enlarge

Download press release: Producer and Import Price Index rose in July 2018 by 0.1%

German Text:

Produzenten- und Importpreisindex steigt im Juli 2018 um 0,1 Prozent

Neuchâtel, 14. August 2018 (BFS) – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im Juli 2018 gegenüber dem Vormonat um 0,1 Prozent und erreichte den Stand von 103,3 Punkten (Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Uhren sowie Erdöl und Erdgas zurückzuführen. Im Vergleich zum Juli 2017 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 3,6 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Anstieg des Produzentenpreisindexes gegenüber dem Vormonat waren vor allem die Uhren verantwortlich. Steigende Preise beobachtete man auch für medizinische und zahnmedizinische Apparate und Materialien sowie elektronische Bauelemente und Leiterplatten.

Höhere Preise gegenüber dem Juni 2018 registrierte man im Importpreisindex insbesondere für Erdöl und Erdgas. Teurer wurden auch Möbel und Uhrenbestandteile. Sinkende Preise zeigten hingegen Nichteisen-Metalle und daraus hergestellte Produkte, Geräte und Einrichtungen der Telekommunikationstechnik, Treibstoff, Kern- und Steinobst sowie Gemüse und Kartoffeln.

Swiss Producer and Import Price Index in July 2018: +3.6 YoY, +0.1 MoM

Swiss Producer and Import Price Index in July 2018: +3.6 YoY, +0.1 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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