Israel's Consumer Price Index (CPI) rose 0.3% in June, the Central Bureau of Statistics reported this afternoon, after rising 0.3% in May and 0.4% in April. Prior to the past three months, the CPI had fallen for five straight months. The rise was in line with analyst's predictions.
Since the start of the year, the CPI is unchanged and over the past 12 months, the CPI has fallen 0.8%. This is still well below the government's inflation target range of between 1% and 3%.
Prominent price rises in June included fashion and footwear (8.3%), transport (1%) and culture and entertainment (0.6%). Prominent price falls in June included fresh fruit and vegetables (4.4%), furniture and household equipment (0.6%), and food (0.5%).
The housing price index, published separately from the CPI, showed that home prices rose 0.3% and have risen 7.8% over the past 12 months.
Published by Globes [online], Israel business news - www.globes-online.com - on July 15, 2016
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