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Market Updates: Swiss Consumer prices fell by 0.3% in November

The Swiss Federal Statistical Office just released the CPI figure which fell by 0.3% in November 2018 compared with the previous month, reaching 101.8 points (December 2015 = 100).

Inflation was 0.9% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.3% drop compared with the previous month can be explained by several factors, including falling prices for international package holidays and overnight stays in hotels. It’s a negative news for the USD/CHF.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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