Swiss consumer prices rose 0.3% from a year earlier, according to the Federal Statistics Office in Neuchatel. This marked the lowest rise since December 2009 and missed forecasts by economists for a 0.4% increase. The lack of inflation can be largely attributed to franc strength which makes imports more affordable to consumers. As a result of low inflation, the central bank will have additional room to keep borrowing costs at near zero.
Written by Jonathan Granby, DailyFX Research Team
If you wish to contact the author with comments or questions email jgranby@fxcm.com
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