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Negative inflation returns to Israel

inflation
inflation
13 Sep, 2015 14:49
שלח תגובה במיילGlobes correspondent

The Consumer Price Index fell 0.2% in August and has fallen by 0.4% in the past 12 months.

The Consumer Price Index (CPI) in Israel fell 0.2% in August, the Central Bureau of Statistics reported this afternoon. Over the past 12 months, the CPI has fallen 0.4%, but not taking into account energy prices over the past year, the CPI would have risen 0.4%. The CPI has fallen 0.2% since the start of 2015. August ends a run of four straight months in which the CPI rose.

There were significant price falls in August in fresh fruit (0.6%), clothing and footwear (3.7%), transport and communications (1.7%) and fuel (4%).

There were significant price rises in culture and entertainment (1.8%), fresh vegetables (1.3%) and housing costs (0.7%).

Published by Globes [online], Israel business news - www.globes-online.com - on September 13, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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