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February CPI falls by 0.7%

In the past 12 months, the CPI has fallen 1.5%, and is down 1.6% since the start of 2015
22.03.15 / 10:45
February CPI falls by 0.7%
22.03.15
February CPI falls by 0.7%

The Central Bureau of Statistics (CBS) reported last week that deflation is escalating as the Consumer Price Index (CPI) fell by 0.7% in February.

 

In the past 12 months, the CPI has fallen 1.5%, and is down 1.6% since the start of 2015. According to the CBS there were notable price rises in rents (0.2%), and fresh fruit (4.2%).

 

Notable price falls in February were in electricity which plunged 9.9% after a government-ordered rate cut, while those for fuel fell 3.2%. Internet and telecom services down 2.7%, Overseas travel -1.9%, and footwear -3.1%.

 

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