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.