Investing.com – Switzerland's producer price index rose less-than-expected in August, official data showed on Monday.
In a report, the Federal Statistics Bureau said the producer price index rose by 0.1% in August after decreasing by 0.5% in July.
Analysts had expected the index to rise by 0.3% in August.
Year-on-year both domestic and imported products registered price increases, with domestic products up 0.2% and imports up 0.1%.
The report attributed the increase to rising fuel costs.
Following the release of the data the Swiss franc was up against the U.S. dollar with USD/CHF shedding 0.48% to hit 1.0150.
In a report, the Federal Statistics Bureau said the producer price index rose by 0.1% in August after decreasing by 0.5% in July.
Analysts had expected the index to rise by 0.3% in August.
Year-on-year both domestic and imported products registered price increases, with domestic products up 0.2% and imports up 0.1%.
The report attributed the increase to rising fuel costs.
Following the release of the data the Swiss franc was up against the U.S. dollar with USD/CHF shedding 0.48% to hit 1.0150.