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Israel's CPI falls 0.4% in November, more steeply than expected

Expectations on the capital market were for a 0.1% fall in the index
20.12.15 / 10:46
Israel's CPI falls 0.4% in November, more steeply than expected
20.12.15
Israel's CPI falls 0.4% in November, more steeply than expected

The Central Bureau of Statistics reported that Israel's Consumer Price Index (CPI) fell 0.4% in November 2016, far steeper than expected.

 

Expectations on the capital market were for a 0.1% fall in the index. In 2015 to date, the CPI has fallen 0.9%, well below the government's inflation target range of between 1% and 3%.

 

Outstanding price falls in November included tomatoes (16.9%), vehicle fuel (1.8%) and fresh fruit (4.3%). Outstanding price rises in November included clothing (3%), and cucumbers (20.7%).

 

In Israel, the most important categories in the consumer price index are Housing (25.2 percent of the total weight) and Transport and Communication (20.6%). Food accounts for 16.5%; Education, Culture and Entertainment for 11.7% and Dwelling Maintenance for 9.7%.

 

Others include: Health (5.2%); Miscellaneous Goods and Services (4.3%); Furniture and Household Equipment (3.7%) and Clothing and Footwear (3.1%). The national index has a base of 100 as of 2012.

 

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