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Swiss Producer and Import Price Index in September 2018: +2.6 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, 15 October 2018 (FSO) – The Producer and Import Price Index fell in September 2018 by 0.2% compared with the previous month, reaching 103.2 points (December 2015 = 100). The decline is due in particular to lower prices for scrap. Compared with September 2017, the price level of the whole range of domestic and imported products rose by 2.6%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, September 2018

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

Source: investing.com - Click to enlarge

Download press release: Producer and Import Price Index fell by 0.2% in September 2018

German Text:

Neuchâtel, 15. Oktober 2018 (BFS) – Der Gesamtindex der Produzenten- und Importpreise sank im September 2018 gegenüber dem Vormonat um 0,2 Prozent und erreichte den Stand von 103,2 Punkten (Dezember 2015 = 100). Der Rückgang ist vor allem auf tiefere Preise für Schrott zurückzuführen. Im Vergleich zum September 2017 stieg das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 2,6 Prozent. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Für den Rückgang des Produzentenpreisindexes gegenüber dem Vormonat waren vor allem die tieferen Preise für Schrott verantwortlich. Billiger wurden auch Metalle und Metallhalbzeug. Steigende Preise beobachtete man dagegen für Mineralölprodukte, Gemüse und Kartoffeln.

Tiefere Preise gegenüber dem August 2018 registrierte man im Importpreisindex für Metalle und Metallhalbzeug, pharmazeutische Spezialitäten, Automobile und Automobilteile, Computer, sonstige Fahrzeuge und Textilien. Preiserhöhungen zeigten dagegen insbesondere Mineralölprodukte. Teurer wurden auch Erdöl und Erdgas, Gemüse und Kartoffeln.

Hauptergebnisse

- Click to enlarge

Statistische Kennzahlen im September 2018

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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