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%.