Israel Inflation September 2016


Israel: Annual fall in consumer prices softens in September

October 14, 2016

In September, consumer prices decreased 0.1% from the previous month. The figure was up from August’s 0.3% decrease.

Consumer prices fell 0.4% in annual terms in September, which was softer than August’s 0.7% decrease and the weakest decline seen in seven months. The annual average variation in consumer prices was minus 0.7% in September, matching August’s reading.

Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.3% on an annual basis. The figure came in below the 0.1% decline seen in August.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.3% in 2016, which is down 0.1 percentage points from the previous month’s forecast. For 2017, the panel expects inflation to average 1.0%, which is down 0.2 percentage points from last month’s forecast.

Author: Marlène Rump, Senior Data Analyst

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