The Consumer Price Index (CPI) fell 0.3% in December, the Central Bureau of Statistics reported this evening, in the lower range of analysts' predictions. The CPI rose 0.8% in 2018, below the Bank of Israel's annual target range for inflation between 1% and 3%. This was the second successive month that the CPI fell 0.3%, largely due to the fall in oil prices on world markets. Notable price falls in December included fuel for vehicles (7.1%), accommodation and travel (9.9%) and fresh vegetables (1.2%). Notable price rises included clothing (4.3%) and fresh chickens (1%). RELATED ARTICLES November CPI down 0.3%, housing prices also falling The Central Bureau of Statistics also published the Housing Price Index today for October - November The Index showed the price of the average deal falling 0.4% in October-November compared with September-October. Housing prices have fallen 2.3% over the past 12 months. Published by Globes [online], Israel business news - en.globes.co.il - on January 15, 2019 © Copyright of Globes Publisher Itonut (1983) Ltd. 2019