Consumer price inflation in Israel rose less-than-expected last month, official data showed last Wednesday.
In a report, Central Bureau of Statistics said that Israeli Consumer Price Index (CPI) rose to a seasonally adjusted annual rate of 0.3%, from -0.7% in the preceding month.
The CPI has fallen 1% over the past 12 months, and 1.3% since the beginning of the year.
Prominent decreases in March include fresh vegetables (4.2%) and laundry, cleaning, and insecticide materials (3.7%). The most prominent rises were in fuel and car oil (6.2%) and fresh fruit (1.7%).
The CPI tumbled 0.9% in January and 0.7% in February. These falls were attributed to 10% cuts in water and electricity rates, not to slower demand in the economy or a slide into recession, or so Bank of Israel economists asserted.