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Swiss Producer and Import Price Index in February 2019: -0.7 percent YoY, +0.2 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? 14.03.2019 – The Producer and Import Price Index increased in February 2019 by 0.2%

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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?

14.03.2019 – The Producer and Import Price Index increased in February 2019 by 0.2% compared with the previous month, reaching 101.9 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with February 2018, the price level of the whole range of domestic and imported products fell by 0.7%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, February 2019

(see more posts on Switzerland Producer Price Index, )
Swiss Producer and Import Price Index in February 2019: -0.7 percent YoY, +0.2 percent MoM

Source: Investing.com - Click to enlarge

Download press release: Producer and Import Price Index rose in February 2019 by 0.2%

German Text:

Produzenten- und Importpreisindex steigt im Februar 2019 um 0,2%

14.03.2019 – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im Februar 2019 gegenüber dem Vormonat um 0,2% und erreichte den Stand von 101,9 Punkten (Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte zurückzuführen. Im Vergleich zum Februar 2018 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,7% zurück. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Sinkende Preise gegenüber dem Vormonat registrierte man im Produzentenpreisindex insbesondere für pharmazeutische Produkte. Dasselbe gilt für Anstrichmittel, Druckfarben und Kitte. Preiserhöhungen beobachtete man dagegen für Mineralölprodukte, Fleisch und Fleischprodukte sowie Schlachtschweine.

Für den Anstieg des Importpreisindexes gegenüber dem Januar 2019 waren vor allem Mineralölprodukte verantwortlich. Steigende Preise zeigten auch Erdöl und Erdgas, chemische Grundstoffe, Computer sowie Nichteisen-Metalle und daraus hergestellte Produkte. Billiger wurde dagegen Stahl.

Swiss Producer and Import Price Index in February 2019: -0.7 percent YoY, +0.2 percent MoM

Swiss Producer and Import Price Index in February 2019: -0.7 percent YoY, +0.2 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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