Israel: Consumer prices in February drop at a softer pace
March 16, 2016
In February, consumer prices fell 0.3% over the previous month. The figure came in above the 0.5% decrease seen in January.
Consumer prices fell 0.2% in February over the same month of the previous year, which was up from the 0.6% drop seen in January and marked the softest decrease in over a year. The average annual variation in consumer prices was minus 0.6% in February, thus matching the previous month’s reading. Core consumer prices, which exclude volatile items such as oil and vegetables, increased 0.2% on an annual basis, which was up from the 0.1% increase seen in February.
Author: Dirina Mançellari, Senior Economist