2017 Economic Calendar
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Switzerland : Producer and Import Price Index  
Released On 12/14/2017 3:15:00 AM For Nov, 2017
PriorActual
M/M % change0.5 %0.6 %
Y/Y % change1.2 %1.8 %

Highlights
The November combined producer and import price index rose 0.6 percent on the month to lift the annual inflation rate by also 0.6 percentage points to 1.8 percent. This was the fifth consecutive increase in the yearly rate and its highest mark since the Great Recession.

The monthly headline advance was mainly due to higher import prices which were up 0.9 percent. Domestic producer prices climbed a more moderate 0.5 percent. The annual rise in the former now stands at 4.6 percent and in the latter at just 0.4 percent.

Within the PPI, petroleum products (8.6 percent) dominated the monthly increase but there were sizeable gains in pharmaceuticals and chemicals (0.9 percent) and waste and recycling (4.9 percent). Import costs were similarly boosted by petrol (6.9 percent) and paper (2.3 percent) also had a notable positive impact.

For the overall composite index, core prices rose 0.3 percent from October for a 0.6 percent annual inflation rate, up 0.5 percentage points from last time. Pipeline price pressures are moving in the right direction but much of the increase is due to CHF weakness and not to any real change in domestic conditions.

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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