Israel's Consumer Price Index up 0.2% in July

supermarket picture: thinkstock

Delek unit Ithaca buys Eni's UK assets

After a period of negative inflation, the CPI has now risen for five successive months.

Israel's Consumer Price Index (CPI) rose by 0.2% in July, the Central Bureau of Statistics reported this afternoon. Analysts had expected a 0.1-0.2% rise. After a period of negative inflation, the CPI has now risen for five successive months, including 0.3% in June. However, the CPI has fallen 0.3% over the past 12 months and is unchanged since the start of 2015

There were notable price rises in fresh vegetables (3.9%), housing costs (1%), and transport 90.5%).

There were notable price falls in clothing and footwear (6.6%), fresh fruit (1.8%), and furniture and household equipment (0.8%).

Published by Globes [online], Israel business news - www.globes-online.com - on August 14, 2015