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Switzerland: Annual inflation rises 1.4% in April compared to 1.1% expected

He Swiss Consumer Price Index (CPI) rose 1.4% year-on-year in April, surpassing the 1% increase in March and registering its largest increase in four months, as reported by the country's Statistics Office. The figure exceeds market expectations, since an increase of 1.1% was expected.

Monthly inflation has grown by 0.3% compared to the previous 0%, placing it above the estimated 0.1%.

Switzerland also released its adjusted real retail sales data, which fell 0.1% year-on-year in March after rising 0.2% in February. The figure disappoints the market forecast, which estimated an increase of 0.2%.

Swiss franc reaction

The Swiss Franc has strengthened amid higher-than-expected inflation data in Switzerland. USD/CHF has fallen sharply on the news, plunging from 0.9145 to 0.9098, a new three-day low.

Source: Fx Street

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