Swiss Inflation Slows Slightly To 1.3%

Switzerland's user terms ostentation eased unexpectedly successful June, though marginally, the Federal Statistical Office reported Thursday.

The user terms scale roseate 1.3 percent connected a yearly basis, pursuing May's unchangeable summation of 1.4 percent. Meanwhile, economists had expected the ostentation complaint to stay unchangeable astatine 1.4 percent. 

The wide ostentation was chiefly driven by a 3.8 percent maturation successful costs for lodging and utilities. Meanwhile, prices for nutrient and non-alcoholic beverages dropped 0.3 percent from past year, and those for covering and footwear slid by 2.0 percent.

On a monthly basis, user prices remained level successful June aft rising 0.3 percent successful May. Prices were expected to summation by 0.1 percent.

Core user prices dropped 0.1 implicit the month, taking the yearly ostentation to 1.1 percent successful June from 1.2 percent successful May.

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