DislikedConsumer prices dropped 0.7 percent from a year ago, slower than the 1.1 percent decrease seen in June and marginally below a 0.8 percent fall forecast by economists.
As indicated, the high negative inflation of June/July 2011 is now out of the YoY statistic, so the inflation is less negative.
However, the +ve trend of +0.4 is less than what I expected, so it seems to stay in low-level deflation mode for the next months.
So I agree that SNB will continue with their interventions in the mid term. In the long term the question will be...Ignored
As far as Swiss inflation rising, despite expanding their balance sheet with foreign currencies at a rapid rate, a debt deflation (Japanese style) seems to be on the cards, at least for the next couple years.