Swiss Producer and Import Price Index in April 2016: Down 2.4 percent to last year, up 0.3 vs last month

17.05.2016 09:15  – FSO, Prices (0353-1605-20)

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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. See more in Is the Swiss Franc overvalued?.

Producer and Import Price Index in April 2016

0.3% rise in Producer and Import Price Index

Neuchâtel, 17.05.2016 (FSO) – The Producer and Import Price Index rose in April 2016 by 0.3% compared with the previous month, reaching 99.3 points (base December 2015 = 100). Whereas the Producer Price Index increased by 0.2%, the Import Price Index rose by 0.4%. The rise is due in particular to higher prices for petroleum products. Compared with April 2015, the price level of the whole range of domestic and imported products fell by 2.4%. These are the findings of the Federal Statistical Office (FSO).

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