2018 Economic Calendar
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Switzerland : Producer and Import Price Index  
Released On 9/13/2018 3:15:00 AM For Aug, 2018
M/M % change0.1 %0.0 %0.0 %
Y/Y % change3.6 %3.4 %3.4 %

The combined producer and import price index showed no monthly change in August. This lowered the yearly inflation rate from July's 3.6 percent to 3.4 percent, its first decline since March.

Domestic producer prices edged 0.1 percent higher versus July which also raised their annual rate a tick to 2.2 percent. However, this was more than offset by flat import prices where the 12-month rate dropped 1.2 percentage points to 5.7 percent. The renewed strength of the CHF will have been an important factor here.

Within the domestic PPI, the principal boost to the monthly change in prices came from chemicals and pharmaceuticals (1.1 percent) which alone added nearly 0.3 percentage points. The largest offset came from waste and recycling which posted a 6.0 percent decline. Core prices were up 0.3 percent on the month and 1.9 percent on the year.

Underlying headline prices were up a monthly 0.2 percent. This was strong enough to lift their yearly rate from 2.0 percent to 2.2 percent, a multi-year high. This bodes well for a pick-up in CPI inflation further down the road but much will depend upon a currently underperforming services sector and the CHF.

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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