Switzerland: first signs of inflation in April

Back to rise the price index in Switzerland, showing signs of recovery, also because of the recovery in oil prices.

Inflation in April marked a clear recovery, reporting a monthly increase of 0.3%, as the previous month, surpassing expectations that indicated a more modest growth of 0.1%. The trend change stood at -0.4%, still indicating a deflationary trend, but best of -0.9% the previous month and 0.6% expected.

The growth is mainly due to the clothing sector, whose prices have returned to normal after the end of season sales, but results are decisive ascent well as travel costs and petroleum products; the decrease of those of new cars and overnight stays in the hotel was not enough to make a difference.
The Swiss franc after the data is mentioning an appreciation trend, both against the euro with which it exchanges at 1.1044 (-0.35%) both against the dollar to 0.9693 (-0.29%).