The Consumer Price Index has risen 1% over the past 12 months.
Israel's Consumer Price Index (CPI) rose 0.1% in May to 102 points, the Central Bureau of Statistics reported this evening. The reading was in line with analysts' estimates. Inflation over the past 12 months has been 1%, the bottom of the government's 1-3% inflation target range, and the CPI has fallen 0.5% since the start of 2014.
There were notable rises in prices of fresh fruit (4.7%), beverages (1.9%), culture and entertainment (0.8%) and housing costs (0.3%).
The notable falls were in prices of fresh vegetables (3.8%), and clothing and footwear (1%).
The price of tomatoes fell 26.4% in May but the price of cucumbers rose 16%.
Published by Globes [online], Israel business news - www.globes-online.com - on June 15, 2014
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