Swiss December Inflation Picks Up To 0.3%

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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%.

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. (Market News Provided by RTTNews)