Investing.com – Consumer price inflation in Switzerland fell more than expected in July, official data showed on Tuesday.
In a report, the Swiss Federal Statistics Office said its national consumer price index declined 0.7% in July, after falling 0.4% in June.
Analysts had expected the index to drop 0.5% in July.
The report said that the year-on-year rate of inflation was 0.4% in July, compared to 0.5% in June.
Following the release of the data the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.12% to hit 1.0402.
In a report, the Swiss Federal Statistics Office said its national consumer price index declined 0.7% in July, after falling 0.4% in June.
Analysts had expected the index to drop 0.5% in July.
The report said that the year-on-year rate of inflation was 0.4% in July, compared to 0.5% in June.
Following the release of the data the Swiss franc was down against the U.S. dollar, with USD/CHF gaining 0.12% to hit 1.0402.