Investing.com – Consumer price inflation in Switzerland declined unexpectedly in October, official data showed on Monday.
In a report, the Swiss Federal Statistics Office said consumer price inflation eased by 0.1% in October, after rising by 0.3% in September.
Year-over-year, Swiss consumer prices dipped at an annualized rate of 0.1% in October, after increasing at a rate of 0.5% in September. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.2% in October.
Following the release of the data, the Swiss franc added to losses against the U.S. dollar, with USD/CHF jumping 1.58% to trade at 0.8985, the highest since October 20.
In a report, the Swiss Federal Statistics Office said consumer price inflation eased by 0.1% in October, after rising by 0.3% in September.
Year-over-year, Swiss consumer prices dipped at an annualized rate of 0.1% in October, after increasing at a rate of 0.5% in September. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.2% in October.
Following the release of the data, the Swiss franc added to losses against the U.S. dollar, with USD/CHF jumping 1.58% to trade at 0.8985, the highest since October 20.