CPI rise lower than expected

The consumer price index rose only 0.1% in November.

The Consumer Price Index (CPI) rose only 0.1% in November, reported the Central Bureau of Statistics this evening.

Economists had generally expected a rise of 0.3%.

The prices of cucumbers fell 27%, and tomato prices fell 16%.

Over the past month, fuel rose 2.7%, communications rose 2.1% as cellular companies raised their rates, and there was a seasonal rise in the clothing component.

The housing component of the CPI was unchanged.

Inflation, measured by the CPI, is now at 2.3% over the past twelve months, and over the year to date (January-November) period.

Published by Globes [online], Israel business news - www.globes-online.com - on December 15, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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