Switzerland continues to suffer from the franc's appreciation which is further pressuring price pressures to the downside and threatening the nation with deflation, assuring markets that the SNB will take counter measures soon especially after the SNB remarks.

The Consumer Price Index in October dropped 0.1% on the month after 0.3% rise in September and are also down 0.1% on the year following 0.5% rise.

In EU harmonized terms inflation also fell 0.1% on the month following 0.3% rise and on the year dropped 0.5% after 0.2% the previous month.