The Swiss Federal Statistics Office released its consumer inflation data on Thursday. Switzerland's consumer price index rose 0.1% in October, beating expectations for a flat reading, after a 0.1% increase in September.

The increase was driven by higher prices for clothing and new cars. Prices for clothing and shoes rose 5.5% in October.

On a yearly basis, Switzerland's consumer price index remained unchanged at -1.4% in October, in line with forecasts. It was the biggest fall since July 1959.