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Swiss Producer and Import Price Index in May 2018: +3.2 percent YoY, +0.2 percent MoM

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?

Neuchâtel, 13 June 2018 (FSO) – The Producer and Import Price Index increased in May 2018 by 0.2% compared with the previous month, reaching 103.0 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with May 2017, the price level of the whole range of domestic and imported products rose by 3.2%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, May 2018

(see more posts on Switzerland Producer Price Index, )
Switzerland Producer Price Index (PPI) YoY, May 2018

Source: - Click to enlarge

Download press release Producer and Import Price Index rose by 0.2% in May 2018

German Text:

Neuchâtel, 13. Juni 2018 (BFS) – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im Mai 2018 gegenüber dem Vormonat um 0,2 Prozent und erreichte den Stand von 103,0 Punkten (Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte zurückzuführen. Im Vergleich zum Mai 2017 stieg das Preisniveau des Gesamtangebots von Inlandund Importprodukten um 3,2 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren vor allem die pharmazeutischen Spezialitäten verantwortlich. Steigende Preise beobachtete man dagegen für Mineralölprodukte, pharmazeutische Grundstoffe, Schweinefleisch und Schlachtschweine.

Höhere Preise gegenüber dem April 2018 registrierte man im Importpreisindex insbesondere für Mineralölprodukte, Erdöl und Erdgas. Teurer wurden auch chemische Grundstoffe, Nichteisen-Metalle und daraus hergestellte Produkte, Gummi- und Kunststoffprodukte sowie Papier und Papierprodukte. Sinkende Preise zeigten hingegen pharmazeutische Produkte und Computer.

- Click to enlarge

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 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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