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Swiss CPI falls more-than-expected in January

Published 02/10/2011, 03:19 AM
USD/CHF
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Investing.com – Consumer price inflation in Switzerland fell more-than-expected in January, official data showed on Thursday.

In a report, the Swiss Federal Statistics Office said consumer price inflation fell by 0.4% in January, compared to a flat reading in December.

Analysts had expected Swiss CPI to fall by 0.2% in January.

The report said that the year-over-year rate of inflation rose by an annualized 0.3% in January, compared to an increase of 0.5% in December. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.6% in January.

Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF climbing 0.68% to hit 0.9644.


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