2018 Economic Calendar
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Switzerland : Producer and Import Price Index  
Released On 4/16/2018 3:15:00 AM For Mar, 2018
PriorConsensusActual
M/M % change0.3 %0.4 %-0.2 %
Y/Y % change2.3 %2.6 %2.0 %

Highlights
The combined producer and import price index fell 0.2 percent on the month in March to reduce the annual inflation rate by 0.3 percentage points to 2.0 percent. This was the first fall in prices since the middle of last year but still the second higher 12-month rate since inflation turned positive at the end of 2016.

The monthly headline decline was wholly due to import prices which were 0.7 percent weaker than in February, albeit still a sizeable 3.8 percent higher than in March 2017. By contrast, domestic producer prices were only flat and some 0.7 percent lower on the year.

Within the overall index, petrol charges dropped 5.4 percent and had the largest negative effect while waste management and recycling (5.2 percent) saw the only increase of any note. As a result, core prices also declined 0.2 percent from mid-quarter, reducing their annual rate by a tick to 1.4 percent. With domestic prices essentially flatlining, the monthly moves in the aggregate index continue to be dominated by the Swiss franc. This will ensure that the exchange rate remains the focal point of SNB 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
 
 

2018 Release Schedule
Released On: 1/192/133/154/165/156/137/138/149/1310/1511/1312/13
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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