Negative inflation returns to Israel

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%.
24.09.15 / 10:07
Negative inflation returns to Israel
24.09.15
Negative inflation returns to Israel
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Central bureau of statistics said that Israeli Consumer Price Index (CPI) fell in August to a seasonally adjusted annual rate of -0.2%, from 0.2% in the preceding month.

 

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%).

 

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