Switzerland released the consumer price index for November, where the monthly CPI index dropped by 0.2% from the previous drop of 0.1%, below the expected estimate of 0.1%. In addition, the annual CPI index dropped by 0.5% from the previous drop of 0.1%, more than expectations of 0.3% drop.

Moreover, the harmonised CPI monthly index dropped by 0.4% from the previous drop of 0.1%, while the annual index dropped by 0.8% from the prior drop of 0.5%.