The Central Bureau of Statistics reported that Israel's Consumer Price Index (CPI) fell 0.4% in November 2016, far steeper than expected.
Expectations on the capital market were for a 0.1% fall in the index. In 2015 to date, the CPI has fallen 0.9%, well below the government's inflation target range of between 1% and 3%.
Outstanding price falls in November included tomatoes (16.9%), vehicle fuel (1.8%) and fresh fruit (4.3%). Outstanding price rises in November included clothing (3%), and cucumbers (20.7%).
In Israel, the most important categories in the consumer price index are Housing (25.2 percent of the total weight) and Transport and Communication (20.6%). Food accounts for 16.5%; Education, Culture and Entertainment for 11.7% and Dwelling Maintenance for 9.7%.
Others include: Health (5.2%); Miscellaneous Goods and Services (4.3%); Furniture and Household Equipment (3.7%) and Clothing and Footwear (3.1%). The national index has a base of 100 as of 2012.
