Investing.com – Consumer price inflation in Switzerland fell less-than-expected in December, posting a flat reading, official data showed on Thursday.
In a report, the Swiss Federal Statistics Office said consumer price inflation was flat at 0.0% in December, after rising by 0.2% in November.
Analysts had expected Swiss CPI to fall by 0.2% in December.
The report said that the year-on-year rate of inflation rose by 0.5% in December, compared to an increase of 0.2% in November. Analysts had expected year-on-year CPI to rise by 0.4% in December.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.10% to hit 0.9671.
In a report, the Swiss Federal Statistics Office said consumer price inflation was flat at 0.0% in December, after rising by 0.2% in November.
Analysts had expected Swiss CPI to fall by 0.2% in December.
The report said that the year-on-year rate of inflation rose by 0.5% in December, compared to an increase of 0.2% in November. Analysts had expected year-on-year CPI to rise by 0.4% in December.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.10% to hit 0.9671.