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Swiss CPI slowed to 2.6% yoy in Apr, core CPI unchanged at 2.2% yoy

Swiss CPI slowed from 2.9% yoy to 2.6% yoy in April, below expectation of 2.8% yoy. Core CPI (excluding fresh and seasonal products, energy and fuel) was unchanged at 2.2% yoy. Domestic prices edged down from 2.7% yoy to 2.6% yoy. Imported prices plunged from from 3.8% yoy to 2.4% yoy.

For the month, CPI was unchanged at 0.0% mom. Core CPI rose 0.2% mom. Domestic prices rose 0.2% while imported prices rose 0.2% mom.

Full Swiss CPI release here.

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