Swiss CPI falls 0.3% in January

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Source: Reuters
Consumer price inflation in Switzerland cooled for the third consecutive month, according to official data released on Tuesday by the Swiss Federal Statistical Office. On a yearly basis consumer prices declined as much as 0.3% in January and were lower 0.3% compared to December's figure. CPI came in line with economists' expectations.
"The franc remains an overvalued currency, and the floor will remain as it has given the Swiss economy stability," the Swiss National Bank President Thomas Jordan said at a press briefing.

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