Swiss inflation eased in April as the Franc's rapid appreciation held price pressures at bay. Consumer price index in April eased to 0.1% on the month from 0.6% and below 0.5% expected. On the year inflation eased to 0.3% half the expected pace and eased from 1.0% in March.

In EU Harmonized terms, inflation was flat on the month down from 0.7% and 0.1% on the year from 1.0 percent the previous month.