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Swiss Consumer Prices Unexpectedly Unchanged in July

Swiss consumer prices unexpectedly remained unchanged in July, ending 21 months of declines.

Prices held steady from a year earlier after dropping 0.1 percent in June, the Federal Statistics Office in Neuchatel said in an e-mailed statement today. Economists expected an annual decline of 0.1 percent, according to the median of 15 estimates in a Bloomberg News survey. Prices declined 0.4 percent from June.