CPI slightly up in Switzerland: +0.3% YoY
CPI in Switzerland in April 2011 were only slightly up. Core inflation returned in negative territory.
Core inflation returned in negative territory, deeply impacted the decline in semi-durable goods, to -0.1% on an annual basis from +0.7%.
For a still dovish SNB having headline and core inflation so low are good news. It counterbalances a buoyant labour market and a positive economic outlook.