Swiss Inflation Drops to 2-year Low

Swiss inflation continued its recent decline in January and hit a fresh 2-year low due to cheaper oil and winter sales of clothes.

Consumer prices fell 0.8 percent compared with December, taking the annual inflation rate down to 0.1 percent in January from 0.7 percent in the previous month, the Federal Statistics Office said.

The annual inflation rate was the lowest since February 2007. Inflation has dropped quickly from the 15-year high of 3.1 percent hit last July.

Swiss Inflation Drops to 2-year Low, Reuters
2/10/2009 5:49:45 AM