Switzerland released the consumer price index for July, where the index drop by 0.8% from the previous drop of 0.2% and the expected estimate of -0.6%, while the annual consumer price index retreated to 0.5% from the previous of 0.6% and below expectations of 0.7%.

Moreover, the harmonized consumer price index in regard to the European Union has also dropped by 0.8% from the previous unchanged reading, while the annual harmonized consumer price index declined to 0.3% from the previous of 0.6%.