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Swiss inflation falls 0.6% in July

Published 08/05/2015, 03:37 AM
© Reuters. Swiss inflation falls 0.6% in July
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Investing.com - Consumer price inflation in Switzerland fell into negative territory in July, fueling concerns over the threat of deflation, official data showed on Wednesday.

In a report, the Swiss Federal Statistics Office said consumer price inflation decreased by 0.6% from a month earlier in July, compared to forecasts for a decline of 0.4%. Swiss consumer prices inched up 0.1% in June.

Year-over-year, Swiss consumer prices decreased at an annualized rate of 1.3% last month, worse than expectations for a reading of 1.1%, after falling 1.0% in June.

USD/CHF was trading at 0.9793 from around 0.9789 ahead of the release of the data, while EUR/CHF was at 1.0639 from 1.0635 earlier.

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