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
Topics:
George Dorgan considers the following as important: 2) Swiss and European Macro, 2.) Swiss Statistics - Press Releases, Featured, newsletter, Switzerland Producer Price Index
This could be interesting, too:
Marc Chandler writes Euro’s Recovery to .09 Looks Vulnerable while Yen Falls to New Lows for the Week After Strong Pay Raises Confirmed
Frank Hollenbeck writes Zurechtkommen mit der Komplexität des Klimawandels. Eine genauere Betrachtung der wissenschaftlichen Methode und ihrer Einschränkungen
Swiss Customs writes L’OFDF mandate un prestataire de service de base pour la RPLP
Swissinfo writes Investigation into collapse of Credit Suisse beset by delays
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, ) |
Download press release: Producer and Import Price Index fell in August 2020 by 0.4%
Tags: Featured,newsletter,Switzerland Producer Price Index