After a period of negative inflation, the Consumer Price Index has now risen for three successive months.
Israel's Consumer Price Index (CPI) rose by 0.2% in May, the Central Bureau of Statistics reported today, in line with market expectations. After a period of negative inflation, the CPI has now risen for three successive months, although inflation since the start of 2015 is still minus 0.5% and minus 0.4% over the past 12 months. The CPI rose from 99.4 points to 99.6 points in May.
There were notable price rises in fresh fruit (15.3%), fuel and oil (1.6%), culture and entertainment (0.9%) and housing costs (0.3%).
Notable declines were in internal and overseas flights (1.1%), fresh vegetables (2.4%) and transport (0.3%).
Published by Globes [online], Israel business news - www.globes-online.com - on June 15, 2015
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