The Swiss Federal Statistics Office released its consumer inflation data on Friday. Switzerland's consumer price index fell 0.1% in November, missing expectations for a flat reading, after a 0.1% increase in October.

The decline was partly driven by lower prices for clothing. Prices for clothing and shoes declined 0.7% in November.

On a yearly basis, Switzerland's consumer price index remained unchanged at -1.4% in November, missing forecasts for a 1.3% drop. It was the biggest fall since July 1959.