Inflation is back, and in a big way. Israel's Consumer Price Index rose by 1% in August to 106.2 points compared with 105.1 points at the end of July, the Central Bureau of Statistics reported today. A rise of 0.6-0.7% had been expected.
The largest price increases were in cigarettes (14.2%), fresh produce (7.9%), culture and entertainment (2.0%), transport (1.8%), housing (1.1%), food (0.9%), and furniture (0.6%).
There were falls in clothing and footwear (6.0%), and communications (1.1%).
The CPI has risen by 2.1% in the year to date. The index excluding fresh produce has risen 1.9%; the index excluding energy has risen 1.7%; and the index excluding housing has risen 1.6%.
Over the twelve months to August 2012, the CPI rose 1.9%.
Published by Globes [online], Israel business news - www.globes-online.com - on September 14, 2012
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