Thursday, Switzerland's Federal Statistical Office said the consumer price index or CPI rose 0.3% year-on-year in December after recording zero growth in November. Economists had forecast 0.5% rise for December.
On a monthly basis, the CPI fell 0.2% in December after rising at the same pace in the previous month. Moreover, the statistical office said the average inflation rate for the year 2009 was negative 0.5%.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.