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Swiss Producer and Import Price Index in November 2018: +1.4 percent YoY, -0.3 percent 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? The Producer and Import Price Index fell in November 2018 by 0.3% compared with the

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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?

The Producer and Import Price Index fell in November 2018 by 0.3% compared with the previous month, reaching 103.1 points (December 2015 = 100). This decline is due in particular to lower prices for pharmaceutical products. Compared with November 2017, the price level of the whole range of domestic and imported products rose by 1.4%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, November 2018

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Swiss Producer and Import Price Index in November 2018: +1.4 percent YoY, -0.3 percent MoM

Source: Investing.com - Click to enlarge

Download press release: Producer and Import Price Index fell by 0.3% in November 2018

German Text:

Der Gesamtindex der Produzenten- und Importpreise sank im November 2018 gegenüber dem Vormonat um 0,3 Prozent und erreichte den Stand von 103,1 Punkten (Dezember 2015 = 100). Der Rückgang ist vor allem auf tiefere Preise für pharmazeutische Produkte zurückzuführen. Im Vergleich zum November 2017 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 1,4 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren vor allem die tieferen Preise für pharmazeutische Spezialitäten verantwortlich. Billiger wurden auch chemische Grundstoffe. Steigende Preise beobachtete man dagegen für Mineralölprodukte und sonstige chemische Produkte.

Tiefere Preise gegenüber dem Oktober 2018 registrierte man im Importpreisindex insbesondere für Erdöl und Erdgas. Dasselbe gilt für pharmazeutische Grundstoffe, Gemüse, Kartoffeln, Zitrusfrüchte, Computer und Stahlprodukte. Preiserhöhungen zeigten dagegen Mineralölprodukte, organische Produkte der chemischen Industrie und Rohkaffee.

Swiss Producer and Import Price Index in November 2018: +1.4 percent YoY, -0.3 percent MoM

- Click to enlarge

Swiss Producer and Import Price Index in November 2018: +1.4 percent YoY, -0.3 percent 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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