2018 Economic Calendar
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Switzerland : Producer and Import Price Index  
Released On 1/19/2018 3:15:00 AM For Dec, 2017
PriorActual
M/M % change0.6 %0.2 %
Y/Y % change1.8 %1.8 %

Highlights
The combined producer and import price index rose a further 0.2 percent on the month in December, its fifth straight gain. Annual inflation was 1.8 percent, unchanged from its November outturn.

The latest monthly advance in part reflected a 0.1 percent increase in domestic producer prices but was largely attributable to a 0.4 percent bounce in import charges. The yearly rate for the former now stands at 0.5 percent and for the latter, fully 4.5 percent in respect of the slide in the Swiss franc since the middle of 2017.

Within the PPI, the largest monthly rises were seen in waste management (2.2 percent), autos and other means of transport (1.2 percent) and agriculture and forestry products (also 1.2 percent). However, much of this impact was offset by a sharp fall in petrol (2.6 percent). The core PPI was up 0.1 percent from mid-quarter and just 0.2 percent higher on the year. Import costs were dominated by a spike in coal, crude oil and natural gas (4.0 percent).

The underlying composite index was 0.1 percent firmer on the month which saw its yearly rate extend its climb into positive territory by a couple of ticks to 0.8 percent. Pipeline inflation pressures continue to build but only slowly and essentially due to exchange rate weakness. Accordingly, the SNB cannot afford to allow its currency to reverse the current slide for fear of unwinding the limited progress made so far on boosting consumer prices.

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
 
 

2018 Release Schedule
Released On: 1/192/133/154/165/156/13
Release For: DecJanFebMarAprMay
 


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