Previous post Next post

Swiss Producer and Import Price Index in March 2019: -0.2 percent YoY, +0.3 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?

15.04.2019 – The Producer and Import Price Index increased in March 2019 by 0.3% compared with the previous month, reaching 102.2 points (December 2015 = 100). The rise is due in particular to higher prices for petroleum products. Compared with March 2018, the price level of the whole range of domestic and imported products fell by 0.2%. These are some of the findings from the Federal Statistical Office (FSO).

Switzerland Producer Price Index (PPI) YoY, March 2019

(see more posts on Switzerland Producer Price Index, )
Switzerland Producer Price Index (PPI) YoY, March 2019

Source: investing.com - Click to enlarge

Download press release: Producer and Import Price Index rose by 0.3% in March 2019

 

German Text:

Produzenten- und Importpreisindex steigt im März 2019 um 0,3%

15.04.2019 – Der Gesamtindex der Produzenten- und Importpreise erhöhte sich im März 2019 gegenüber dem Vormonat um 0,3% und erreichte den Stand von 102,2 Punkten (Dezember 2015 = 100). Der Anstieg ist vor allem auf höhere Preise für Mineralölprodukte zurückzuführen. Im Vergleich zum März 2018 ging das Preisniveau des Gesamtangebots von Inland- und Importprodukten um 0,2% zurück. Dies geht aus den Zahlen des Bundesamts für Statistik (BFS) hervor.

Steigende Preise gegenüber dem Vormonat registrierte man im Produzentenpreisindex insbesondere für Mineralölprodukte. Teurer wurde auch Schrott. Sinkende Preise zeigten hingegen sonstige Nahrungsmittel.

Auch für den Anstieg des Importpreisindexes gegenüber dem Februar 2019 waren vor allem die Mineralölprodukte verantwortlich. Höhere Preise zeigten ausserdem Nichteisen-Metalle und daraus hergestellte Produkte, Bekleidung sowie Erdöl und Erdgas. Billiger wurden dagegen Computer und pharmazeutische Spezialitäten.

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.
Previous post See more for 2) Swiss and European Macro Next post
Tags:

Permanent link to this article: https://snbchf.com/2019/04/swiss-producer-import-price-index-march/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.