The Swiss Federal Statistics Office released its consumer inflation data on Friday. Switzerland's consumer price index declined 0.2% in August, in line with expectations, after a 0.1% drop in July.

On a yearly basis, Switzerland's consumer price index decreased to -1.4% in August from -1.3% in July, in line with forecasts. It was the biggest fall since July 1959.

The cost of overall imports slid by 5.5% year-on-year in August.

Low oil prices also weighed on the consumer price inflation.