The warmth of inflation in Switzerland unexpectedly slowed down in September after two interest rate hikes were implemented by the Swiss National Bank (SNB).
However, the recorded figures are still far above the target range set by the central bank at 0-2%.
Switzerland's annual consumer price index (CPI) reportedly rose to 3.3% last month, missing market expectations for a jump to a 29-year high of 3.5%.
On a monthly basis, consumer prices recorded a 0.2% decrease from the 0.3% increase recorded the previous month.
Among the main factors to this decrease is the fall in the price of fuel, heating oil, hotels and additional accommodation. While prices for clothes and shoes increase.
The Swiss Franc weakened slightly against the US dollar and the euro following the publication of this data.
Earlier, the SNB said it was ready to take further steps to fight inflation even though price increases in the country were relatively modest compared to other major countries.
The central bank has raised its interest rate to 0.5%, ending a nearly 8-year era of rates being in negative territory.
