Swiss Inflation Drops to 0% in April

The Federal Statistical Office (BFS) reported a significant shift in Switzerland's inflation rate, dropping from 0.3% to 0% in April. The consumer price index (CPI) remained steady at 107.5 points, indicating no change from March.

Price Movements Across Categories

Increases were noted in clothing, fruit, vegetables, air travel, and personal care items. Conversely, decreases were observed in domestic hotels, holiday packages, and mountain railways.

Core Inflation Insights

Core inflation, excluding volatile elements like energy and fresh food, saw a slight increase of 0.1% from the previous month and 0.6% year-on-year. The harmonized index also rose by 0.7% monthly and 0.3% compared to April 2024.