Israel's Consumer Prices Index (CPI) fell by 0.4% in November to 102.2 points, the Central Bureau of Statistics announced today. The reading is in line with analysts' expectations.
The main factors in the drop were falls in the price of fresh vegetables, which fell 8.1%, food which fell 0.7%, furniture and household equipment, which fell 0.7% and housing costs wihhc fell 0.3%. Clothing and footwear rose 6.4%. The housing item based on rents rose 0.1%, while the owner occupied housing item rose 0.2%.
On the other hand, clothing prices rose 3.1% in price in November.
Since the start of 2013, inflation was 1.7%, below the middle of the government's price stability target range, and inflation over the past twelve months was 1.9%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 15, 2013
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