Swiss consumer prices drop for 11th consecutive month

Source: RTT News
© Scanpix/Reuters
Prices in Switzerland tumbled for the 11th month in a row, recording the biggest annual fall since 1959, the Federal Statistical Office reported. Measured on an annual basis, the Swiss consumer prices slid 1.4%, equal to the decline rate in August. Analysts had projected prices to decrease by 1.5%. In monthly terms, the Consumer Price Index booked an increase of 0.1% from the prior month's 0.2% drop.
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