Investing.com - Consumer price inflation in Switzerland declined in line with expectations in January, official data showed on Wednesday.
In a report, the Swiss Federal Statistics Office said consumer price inflation eased down by a seasonally adjusted 0.3% last month, matching forecasts. Swiss consumer prices fell 0.2% in December.
Year-over-year, Swiss consumer prices rose at an annualized rate of 0.1% in January, in line with expectations, after inching up 0.1% in December.
Following the release of the data, the Swiss franc was modestly higher against the U.S. dollar, with USD/CHF shedding 0.04% to trade at 0.8980.