Israel: Consumer prices in November record steepest annual drop in eight months
January 7, 2016
In November, consumer prices fell 0.4% over the previous month. The figure contrasted the 0.1% increase seen in October and marked a nine-month low.
Consumer prices fell 0.9% in November over the same month last year, which was slightly down from the 0.7% drop seen in October and recorded the steepest decrease in eight months. The average annual variation in consumer prices was minus 0.6% in November, which was down from October’s minus 0.5%. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.2% in November over the same month last year, which was down from the 0.4% increase seen in October.
Author: Dirina Mançellari, Senior Economist