Israel: Consumer prices in March drop at a steeper pace
April 15, 2016
In March, consumer prices fell 0.2% over the previous month. The figure came in slightly above the 0.3% decrease seen in February and hit a three-month high.
Consumer prices fell 0.7% in March over the same month of the previous year, which was down from the 0.2% drop seen in February. The average annual variation in consumer prices was minus 0.5% in March, thus coming in slightly above the minus 0.6% tallied in February. Core consumer prices, which exclude volatile items such as oil and vegetables, didn’t change on an annual basis. The flat figure was down from the 0.2% annual increase seen in February.
Author: Dirina Mançellari, Senior Economist