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CBS: CPI down 0.2% in February

Israel's annual inflation rate now stands at 0.6%. Inflation over the twelve months to February was 1.2%
16.03.14 / 10:45
CBS: CPI down 0.2% in February
16.03.14
CBS: CPI down 0.2% in February

Israel's Consumer Price Index (CPI) for February 2014 fell by 0.2%, according to figures released by the Central Bureau of Statistics (CBS) on Friday. 

 

According to the statistics, the annual inflation rate now stands at 0.6%. Inflation over the twelve months to February was 1.2%, and in the first two months of 2014, the CPI fell 0.8%. In other words, the CPI shows that there is no inflation in Israel, reflecting low demand in the economy.

 

According to the CBS the clothing item in the CPI fell by 5.5% in February; fresh vegetables fell by 8.5%; footwear fell 2.5%; telephone and internet fell by 2.6%; fuel fell 1.2%; meat fell 2.7%; milk fell by 1%. On the other hand, the housing item was up 0.3%; overseas travel up 0.5%; personal services and cosmetics rose 1.2%; fish prices shot up 12%; and fresh fruit rose 4%. 

 

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