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Swiss inflation flat in November

Published 12/08/2014, 03:29 AM
Swiss inflation flat in November
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EUR/CHF
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Investing.com - Consumer price inflation in Switzerland was flat for the second consecutive month in November, official data showed on Monday.

In a report, the Swiss Federal Statistics Office said consumer price inflation was unchanged from a month earlier in November, compared to forecasts for a decline of 0.1%. Swiss consumer prices were flat in October.

Year-over-year, Swiss consumer prices decreased at an annualized rate of 0.1% in November, in line with expectations, after holding flat in October.

USD/CHF was trading at 0.9811 from around 0.9806 ahead of the release of the data, while EUR/CHF was at 1.2025 from 1.2028 earlier.

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