Negative inflation continues as the Consumer Price Index has fallen 0.4% over the past 12 months.
Israel's Consumer Price Index (CPI) fell 0.1% in September, as expected, the Central Bureau of Statistics reported this afternoon. This is the second consecutive month that the CPI has fallen, after falling 0.3% in August, although it rose for the previous four consecutive months before that.
Over the past 12 months, the CPI has fallen 0.4% - well below the government's inflation target range of between 1% and 3%, and it is unchanged since the beginning of 2016.
Prominent price falls in September included fresh fruit (6.7%), culture (1.4%) and clothing (1.3%). Prominent price rises included footwear (2%), and fresh vegetables (1.8%).
The housing price index published separately from the CPI showed that home prices rose 0.4% in July and August, and have risen 6.8% over the past 12 months.
Published by Globes [online], Israel business news - www.globes-online.com - on October 14, 2016
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price gun photo: Tamar Matzafi