Many Swiss employees therefore in practice have a salary that represents more European buying power than it did a year ago. That could be expected to have some

Many Swiss employees therefore in practice have a salary that represents more European buying power than it did a year ago. That could be expected to have some effects more similar to inflation rather than deflation, in this context. That's backwards wrt prices (the article spoke more about prices deflating, not wages). Deflation of prices increases purchasing power.