CBS: Inflation returns- Israel's CPI up 0.4% in April

This is well below the government's inflation target range of between 1% and 3%
23.05.16 / 15:02
CBS: Inflation returns- Israel's CPI up 0.4% in April
23.05.16
CBS: Inflation returns- Israel's CPI up 0.4% in April
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The Central Bureau of Statistics reported last week that Israel's Consumer Price Index (CPI) rose 0.4% in April, ending five straight month of falls.                               

 

Outstanding price rises in April included culture and entertainment up 2.1%, clothing and footwear up 3.7%, and transport up 1.7%.                                                              

 

Outstanding price falls in April included furniture and household equipment (0.8%). Over the past 12 months, the CPI fell 0.9% and it has fallen, fueled by the fall in world oil prices.

 

This is well below the government's inflation target range of between 1% and 3% although with oil prices now recovering, the CPI is likely to rise again in May.

 

 

 

 

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