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Swiss Producer and Import Price Index, October 2016: +0.1 percent MoM, -0.2 percent YoY

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?

Producer and Import Price Index in October 2016

From the data release of Swiss Statistics:

0.1% rise in Producer and Import Price Index

Neuchâtel, 14.11.2016 (FSO) – The Producer and Import Price Index rose in October 2016 by 0.1% compared with the previous month, reaching 99.8 points (base December 2015 = 100). While the Producer Price Index declined by 0.1%, the Import Price Index rose by 0.3%. The slight overall increase is due in particular to higher prices for petroleum products. Compared with October 2015, the price level of the whole range of domestic and imported products fell by 0.2%. These are the findings from the Federal Statistical Office (FSO).

Download press release: Producer and Import Price Index in October 2016

Switzerland Producer Price Index (PPI) YoY October 2016

(see more posts on Switzerland Producer Price Index, )
Switzerland Producer Price Index (PPI) YoY October 2016

Source: Investing.com - Click to enlarge

 

 

German text:

Produzenten- und Importpreisindex im Oktober 2016

Produzenten- und Importpreisindex steigt um 0,1 Prozent

Neuchâtel, 14.11.2016 (BFS) – Der Gesamtindex der Produzenten- und Importpreise stieg im Oktober 2016 gegenüber dem Vormonat um 0,1 Prozent und erreichte den Stand von 99,8 Punkten (Basis Dezember 2015 = 100). Während der Produzentenpreisindex um 0,1 Prozent zurückging, erhöhte sich der Importpreisindex um 0,3 Prozent. Der leichte Anstieg im Total ist vor allem auf höhere Preise für Mineralölprodukte zurückzuführen. Im Vergleich zum Oktober 2015 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,2 Prozent zurück. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren insbesondere die tieferen Preise für Schrott verantwortlich. Billiger wurde auch Gas. Steigende Preise beobachtete man dagegen für Mineralölprodukte.

Höhere Preise gegenüber dem September 2016 registrierte man im Importpreisindex vor allem für Treibstoff und Heizöl. Dasselbe gilt für Nichteisen-Metalle und daraus hergestellte Produkte sowie Mess- und Kontrollinstrumente. Preisrückgänge zeigten hingegen pharmazeutische Spezialitäten.

hauptergebnisse-oktober-2016

 

statistische-kennzahlen-im-oktober-2016

 

 

 

Full story here
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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