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flag Despite U.S. tariffs, Switzerland's inflation slightly rose in July, easing deflation fears but clouding future forecasts.

flag Despite a 39% tariff on Swiss imports by the U.S., which affected major Swiss exporters, Switzerland's annual inflation rose to 0.2% in July, higher than June's 0.1%. flag This slight increase, along with core inflation rising to 0.8%, signals a possible easing of deflation fears. flag However, with 19% of Swiss exports going to the U.S., and recent market shifts, future inflation forecasts remain uncertain, potentially affecting the September policy meeting.

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