Investing.com – Consumer price inflation in Switzerland rose more-than-expected in March, official data showed on Wednesday.
In a report, the Swiss Federal Statistics Office said consumer price inflation rose by 0.6% in March, after rising by 0.4% in February.
Analysts had expected Swiss CPI to rise by 0.2% in March.
The report said that the year-over-year rate of inflation rose at an annualized 1.0% in March, compared to an increase of 0.5% in February. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.5% in March.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.36% to hit 0.9221.
In a report, the Swiss Federal Statistics Office said consumer price inflation rose by 0.6% in March, after rising by 0.4% in February.
Analysts had expected Swiss CPI to rise by 0.2% in March.
The report said that the year-over-year rate of inflation rose at an annualized 1.0% in March, compared to an increase of 0.5% in February. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.5% in March.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.36% to hit 0.9221.