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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? 15.09.2020 – The Producer and Import Price Index fell in August 2020 by 0.4% compared with the previous month, reaching 97.9 points
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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?
| 15.09.2020 – The Producer and Import Price Index fell in August 2020 by 0.4% compared with the previous month, reaching 97.9 points (December 2015 = 100). This decline was due in particular to lower prices for chemical and pharmaceutical products. Compared with August 2019, the price level of the whole range of domestic and imported products fell by 3.5%. These are the results of the Federal Statistical Office (FSO).
In particular, lower prices for pharmaceutical preparations were responsible for the decrease in the producer price index compared with the previous month. Basic chemicals and petroleum products also became cheaper. In contrast, rising prices were observed for paints, varnishes and similar coatings, printing ink and mastics as well as for raw milk. The import price index registered lower prices compared with July 2020, particularly for organic products of the chemical industry. Plastics in primary forms, petroleum and natural gas, petroleum products and other chemical products also showed falling prices. Non-ferrous metals and products made therefrom, basic iron, steel, plastic products and computers, on the other hand, became more expensive. |
Switzerland Producer Price Index (PPI) YoY, August 2020(see more posts on Switzerland Producer Price Index, ) Source: investing.com - Click to enlarge |
Download press release: Producer and Import Price Index fell in August 2020 by 0.4%
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14.07.2020 – The Producer and Import Price Index rose in June 2020 by 0.5% compared with the previous month, reaching 98.1 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products as well as petroleum and natural gas. Compared with June 2019, the price level of the whole range of domestic and imported products fell by 3.5%.
Swiss Producer and Import Price Index in March 2020: -2.7 percent YoY, -0.3 percent MoM
16.04.2020 – The Producer and Import Price Index fell in March 2020 by 0.3% compared with the previous month, reaching 99.4 points (December 2015 = 100). This decline is due in particular to lower prices for petroleum products. Compared with March 2019, the price level of the whole range of domestic and imported products fell by 2.7%.
Swiss Producer and Import Price Index in May 2020: -4.5 percent YoY, -0.5 percent MoM
15.06.2020 – The Producer and Import Price Index fell in May 2020 by 0.5% compared with the previous month, reaching 97.6 points (December 2015 = 100). This decline is due in particular to lower prices for pharmaceutical and chemical products as well as for petroleum products. Compared with May 2019, the price level of the whole range of domestic and imported products fell by 4.5%.
Swiss Retail Sales, May 2020: 5.6 percent Nominal and 6.6 percent Real
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Swiss Consumer Price Index in July 2020: -0.9 percent YoY, -0.2 percent MoM
The consumer price index (CPI) fell by 0.2% in July 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.9% compared with the same month of the previ-ous year.
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Turnover adjusted for sales days and holidays rose in the retail sector by 3.4% in nominal terms in July 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.7% compared with the previous month.
Swiss Consumer Price Index in August 2020: -0.9 percent YoY, 0.0 percent MoM
The consumer price index (CPI) remained stable in August 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.9% compared with the same month of the previous year.
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