by George Dorgan
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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? 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
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George Dorgan considers the following as important: 2) Swiss and European Macro, 2.) Swiss Statistics - Press Releases, Featured, newsletter, Switzerland Producer Price Index
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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?
| 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%. These are the results of the Federal Statistical Office (FSO).
In particular, lower prices for petroleum products were responsible for the decrease in the Producer Price Index compared with the previous month. Food products as well as motor vehicles and motor vehicle parts were cheaper. In contrast, increasing prices were observed for scrap. The Import Price Index also registered lower prices compared with February 2020, particularly for petroleum products. Price decreases were also seen for petroleum and natural gas, wearing apparel, basic metals and semi-finished metal products, food products, textiles, other transport equipment, other parts and accessories for motor vehicles as well as leather and travel goods. In contrast, pome and stone fruits were more expensive. |
Switzerland Producer Price Index (PPI) YoY, March 2020(see more posts on Switzerland Producer Price Index, ) Source: investing.com - Click to enlarge |
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Swiss Producer and Import Price Index in October 2019: -2.4 percent YoY, -0,2 percent MoM
The Producer and Import Price Index fell in October 2019 by 0.2% compared with the previous month, reaching 100.9 points (December 2015 = 100). Compared with October 2018, the price level of the whole range of domestic and imported products fell by 2.4%.
Swiss Producer and Import Price Index in November 2019: -2.5 percent YoY, -0.4 percent MoM
12.12.2019 – The Producer and Import Price Index fell in November 2019 by 0.4% compared with the previous month, reaching 100.5 points (December 2015 = 100). This decline was due in particular to lower prices for chemical and pharmaceutical products. Compared with November 2018, the price level of the whole range of domestic and imported products fell by 2.5%.
Swiss Producer and Import Price Index in December 2019: -1.7 percent YoY, +0.1 percent MoM
17.01.2020 – The Producer and Import Price Index rose in December 2019 by 0.1% compared with the previous month, reaching 100.7 points (December 2015 = 100). Compared with December 2018, the price level of the whole range of domestic and imported products fell by 1.7%. The average annualised inflation rate in 2019 was –1.4%.
Swiss Producer and Import Price Index in January 2020: -1.0 percent YoY, unchanged MoM
The Producer and Import Price Index remained unchanged in January 2020 compared with the previous month. The index stood at 100.7 points (December 2015 = 100). Petroleum products in particular saw higher prices, while pharmaceutical preparations became cheaper. Compared with January 2019, the price level of the whole range of domestic and imported products fell by 1.0%.
Switzerland’s population continued to increase and age in 2019
09.04.2020 – At the end of 2019, Switzerland had a population of 8 603 900, i.e. 59 400 persons (+0.7%) more than in 2018. Since 2017, the population has grown more slowly than in previous years. Zurich recorded the greatest increase while Appenzell Innerrhoden, Neuchâtel, Nidwalden and Ticino saw their population decline.
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