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Swiss CPI rises more-than-expected in February

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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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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