Israel: Consumer prices in January record softest annual drop in four months
March 7, 2016
In January, consumer prices fell 0.5% over the previous month. The figure came in below the 0.1% decrease seen in December.
Consumer prices fell 0.6% in January over the same month of the previous year, which was up from the 1.0% drop seen in December and marked the softest decrease in four months. The average annual variation in consumer prices was minus 0.6% in January, thus matching the previous month’s reading. Core consumer prices, which exclude volatile items such as oil and vegetables, increased 0.1% on an annual basis, which was up from the flat reading seen in December.
Author: Dirina Mançellari, Senior Economist