Swiss consumer prices rose 2.9 percent from a year earlier after increasing the same amount in May, the Federal Statistics Office in Neuchatel said today. That's the highest rate since October 1993. Economists forecast an acceleration to 3.1 percent, according to the median of 20 estimates in a Bloomberg News survey. From May, prices climbed 0.2 percent.
Against the euro, the franc fell to 1.6128 by 7:50 a.m. in Zurich, from 1.6103 yesterday. It also dropped to 1.0165 versus the dollar, from 1.0140.