2017 Economic Calendar
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Switzerland : Producer and Import Price Index  
Released On 11/14/2017 3:15:00 AM For Oct, 2017
PriorActual
M/M % change0.5 %0.5 %
Y/Y % change0.8 %1.2 %

Highlights
The combined producer and import price index again rose 0.5 percent on the month in October. This put the yearly inflation rate at 1.2 percent, up from 0.8 percent in September, its third straight gain and its highest reading since March.

Domestic producer prices were up a relatively modest 0.2 percent versus September and now stand 0.1 percent higher on the year. However, import prices jumped 1.1 percent for annual growth of 3.7 percent.

Within the PPI the main monthly changes were in waste and recycling (minus 7.3 percent), petroleum products (minus 1.8 percent) and machinery (1.5 percent).

The core composite index matched the 0.5 percent monthly headline advance and this was enough to see the underlying annual rate finally move back into positive territory at 0.1 percent. The pick-up here in no small way reflects the recent weakness of the CHF and without this, prices would be significantly weaker and core inflation well below zero. To this end, preventing any renewed appreciation of the local currency remains a vital part of SNB monetary policy.

Definition
The producer price and import price index focuses on the actual prices of products on the market (transaction price) at the time of the order. The prices of domestic products are taken at the producer or factory level, excluding value added tax and consumption taxes. For imports, prices are collected at the Swiss border, without the value added tax, taxes on consumption and tariffs. Changes in the index provide a guide to inflation from the point of view of the product's producer/manufacturer  Why Investors Care
 
 

2017 Release Schedule
Released On: 1/192/143/154/135/156/157/138/159/1310/1311/1412/14
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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