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The Swiss Federal Statistics Office released its consumer inflation data on Friday. Switzerland's consumer price index dropped 0.3% in February, missing expectations for a 0.1% rise, after a 0.4% decline in January.
The decline was driven by a decrease in petrol and diesel fuel, groceries, and package holidays.
On a yearly basis, Switzerland's consumer price index declined to -0.8% in February from -0.5% in January, missing expectations for a 0.6% drop. That was the since June 2012.
These figures have added to concerns over deflation in Switzerland.
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