Forex Pros - Consumer price inflation in Switzerland rose more-than-expected in February, official data showed on Wednesday.
In a report, the Swiss Federal Statistics Office said consumer price inflation rose by 0.4% in February, after falling by 0.4% in January.
Analysts had expected Swiss CPI to rise by 0.3% in February.
The report said that the year-over-year rate of inflation rose by an annualized 0.5% in February, compared to an increase of 0.3% in January. Analysts had expected year-over-year CPI to rise at an annualized rate of 0.4% in February.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.09% to hit 0.9343.