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Swiss Inflation At 10-month Low

Switzerland's consumer price inflation slowed in December to its lowest level in 10 months, figures from the Federal Statistical Office showed on Wednesday.

The consumer price index rose 0.7 percent year-on-year following a 0.9 percent increase in November. Economists had expected a 0.8 percent climb.

The December inflation rate was the lowest since February, when it was at the same level.

On a month-on-month basis, the CPI decreased 0.3 percent in December, same as in November. Economists were looking for a 0.2 percent fall.

Prices decreased for a second straight month. Falling prices of heating oil and fuel influenced the latest decline.

The average annual inflation rose to 0.9 percent in 2018 from 0.5 percent in 2017, and -0.4 percent in 2016.

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