Israel's CPI falls 0.1% in December

supermarket prices

The Consumer Price Index fell 1% in 2015, the Central Bureau of Statistics reports.

Israel's Consumer Price Index (CPI) fell 0.1% in December, the Central Bureau of Statistics reported this afternoon, after falling a surprise 0.4% in November. In 2015, the CPI fell 1%, the second successive year of negative inflation, after the CPI fell 0.2% in 2014. This is well below the government's inflation target range of between 1% and 3%.

Outstanding price falls in December included fresh fruit and vegetables (16.9%), culture and entertainment (1.5%), and food (0.4%).

Outstanding price rises in December included clothing and footwear (6.2%), and housing costs (0.4%).

Published by Globes [online], Israel business news - www.globes-online.com - on January 15, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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