The index reading is a surprise, as analysts had estimated March inflation at 0.1%.
Israel's Consumer Price Index (CPI) rose by 0.3% in March, the Central Bureau of Statistics reported today. Analysts had estimated March inflation at 0.1%.
Inflation year-to-date is minus 0.5%. In the twelve months to March, the index rose 1.3%.
There were notable rises in March in the housing maintenance item (0.9%); culture and entertainment (0.4%); and transport (0.4%). The housing services item, which covers rents, rose by 1.2%. Fuel price rose 2.2%.
The clothing and footwear item fell 1.5%; fresh vegetables and fruit fell 0.4%; and the health item fell 0.3%.
Published by Globes [online], Israel business news - www.globes-online.com - on April 14, 2014
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