2018 Economic Calendar
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Switzerland : Producer and Import Price Index  
Released On 5/15/2018 3:15:00 AM For Apr, 2018
M/M % change-0.2 %0.3 %0.4 %
Y/Y % change2.0 %2.7 %

The combined producer and import price index rebounded in April. A 0.4 percent monthly rise more than reversed March's 0.2 percent drop and lifted the annual inflation rate from 2.0 percent to 2.7 percent, a multi-year high.

However, the monthly headline increase was (again) largely attributable to import prices which advanced fully 0.8 percent and now stand 5.1 percent higher on the year. By contrast, domestic producer prices gained only 0.2 percent for a more subdued annual rate of 1.5 percent.

Within the PPI, the main boost to the monthly change came machines (1.3 percent) ahead to electrical equipment (0.9 percent) and metals (0.6 percent). However, petrol (8.3 percent) also provided a significant lift and the same category was worth more than half the increase in overall import charges.

Even so, a 0.3 percent rise in the core composite index lifted the yearly underlying inflation rate by 0.4 percentage points to 1.8 percent, also a multi-year peak. The recovery here is in line with signs of a strengthening economic upswing but, for now, the SNB must still be concerned about the relative weakness of domestically generated price pressures.

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
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