The investment house predicts a trailing 12-month CPI for November that is lower than general market estimates.
Barclays Capital says that it forecasts inflation will rise in coming months, but then will fall. For November, the investment house expects the year on year figure to reach 3.4%.
The Central Bureau of Statistics will release Consumer Price Index (CPI) figures this evening. Capital market sources expect the data to show a 0.3% rise in November, which will bring the inflation rate over the previous 12 months to 3.6%. The government's target range for annual inflation is 1-3%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 15, 2009
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