Israel: Consumer prices continue to fall in annual terms in July
August 18, 2015
In July, consumer prices rose 0.2% over the previous month, which followed the 0.3% increase seen in June. According to the Central Bureau of Statistics (CBS), July’s reading reflected higher prices for clothing and footwear.
Consumer prices fell 0.3% in July over the same month last year, which was slightly up from the 0.4% drop seen in June and marked a seven-month high. The average of the annual variation in consumer prices was stable at the previous month’s minus 0.4%, thus maintaining the lowest level since November 2004. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.5% over the same month last year, which was slightly up from the 0.4% increase seen in the previous month.
Author: Dirina Mançellari, Senior Economist