Forexpros – Consumer price inflation in Switzerland fell more-than-expected in August, official data showed on Tuesday.
In a report, the Swiss Federal Statistics Office said consumer price inflation declined by 0.3% in August, after dropping by 0.8% in July.
Year-over-year, Swiss consumer prices rose at an annualized 0.2% in August, after increasing at a rate of 0.5% in July. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.3% in August.
Following the release of the data, the Swiss franc was down against the U.S. dollar, with USD/CHF climbing 0.83% to trade at 0.7941.
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