Israel: Consumer prices continue to fall in November
December 15, 2016
Consumer prices fell 0.4% in November compared to the previous month, contrasting the 0.2% rise recorded in October and undershooting analysts’ expectations of a 0.1% drop. November’s reading marked the lowest figure in 10 months.
Consumer prices fell 0.3% year-on-year in November, mirroring October’s figure. The annual average variation in consumer prices was minus 0.6% in November, a marginal increase from October’s 0.7% decline.
Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.4% on an annual basis in November. The figure came in below the 0.2% decline seen in October.
Author: Oliver Reynolds, Economist