Israel: Consumer prices in August record steeper annual drop
September 15, 2015
In August, consumer prices fell 0.2% over the previous month. The figure contrasted the 0.2% increase seen in the previous month and marked a six-month low.
Consumer prices fell 0.4% in August over the same month last year, which was slightly down from the 0.3% drop seen in July. 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 0.4% over the same month last year, which was slightly down from the 0.5% increase seen in July.
Author: Dirina Mançellari, Senior Economist