by George Dorgan
My articles My siteAbout meMy booksMy videos
Follow on:TwitterFacebookGoogle +
CFA SocietySeeking Alpha
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? 13.11.2018 – The Producer and Import Price Index increased in October 2018 by 0.2%
Topics:
George Dorgan considers the following as important: 2) Swiss and European Macro, Featured, newsletter, Switzerland Producer Price Index
This could be interesting, too:
Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21
Charles Hugh Smith writes How Do We Fix the Collapse of Quality?
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
Michael Lebowitz writes Trump Tariffs Are Inflationary Claim The Experts
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?
| 13.11.2018 – The Producer and Import Price Index increased in October 2018 by 0.2% compared with the previous month, reaching 103.4 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products, petroleum and natural gas. Compared with October 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, October 2018(see more posts on Switzerland Producer Price Index, ) Source: investing.com - Click to enlarge |
Download press release: Producer and Import Price Index rose by 0.2% in October 2018
German Text:
| 13.11.2018 – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im Oktober 2018 gegenüber dem Vormonat um 0,2 Prozent und erreichte den Stand von 103,4 Punkten (Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte, Erdöl und Erdgas zurückzuführen. Im Vergleich zum Oktober 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.
Steigende Preise gegenüber dem Vormonat registrierte man im Produzentenpreisindex für Mineralölprodukte, Gas, Fleisch und Fleischprodukte sowie sonstige nicht wirtschaftszweigspezifische Maschinen. Preisrückgänge beobachtete man dagegen für Schrott, Uhren, Bestrahlungs-, Elektrotherapie- und elektromedizinische Geräte, Maschinen für sonstige bestimmte Wirtschaftszweige, elektronische Bauelemente und Leiterplatten sowie Frischgemüse. Für den Anstieg des Importpreisindexes gegenüber dem September 2018 waren insbesondere Mineralölprodukte, Erdöl und Erdgas verantwortlich. Steigende Preise zeigten auch Kupfer und daraus hergestellte Produkte. Billiger wurden dagegen Maschinen, Geräte und Einrichtungen der Telekommunikationstechnik sowie elektrische Ausrüstungen. |
Hauptergebnisse Oktober 2018 - Click to enlarge |
Statistische Kennzahlen im Oktober 2018
- Click to enlarge
Tags: Featured,newsletter,Switzerland Producer Price Index