Swiss Inflation Drops In April

Swiss Federal Statistical Office said consumer prices dropped 0.3% on a yearly basis in April, following a 0.4% decline in March.

Economists were expecting an annual 0.6% decrease. A year ago, the annual inflation rate stood at 2.3%.

From March, prices rose 0.9% in April, larger than the consensus forecast of 0.6%, reflecting a surge in clothing and footwear costs.
5/7/2009 8:32:02 AM