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Swiss Inflation Slows More Than Expected

Switzerland's consumer price inflation slowed more-than-expected in November to its weakest level in seven months, figures from the Federal Statistical Office showed on Tuesday.

The consumer price index rose 0.9 percent year-on-year following a 1.1 percent increase in October. Economists had forecast 1 percent inflation.

The latest inflation was the lowest since April, when price growth was 0.8 percent.

Compared to the previous month, the CPI fell 0.3 percent in November after a 0.2 percent increase in October. Economists had expected a 0.1 percent fall.

The monthly decline was the first since July, when prices fell 0.2 percent.

The harmonized index of consumer prices, which allows comparison with EU data, rose 1 percent year-on-year and fell 0.4 percent from the previous month in November.

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