Israel: Consumer prices in October record steepest annual drop in seven months
November 24, 2015
In October, consumer prices rose 0.1% over the previous month. The figure contrasted the 0.4% decrease seen in September and marked a three-month high.
Consumer prices fell 0.7% in October over the same month last year, which was slightly down from the 0.5% drop seen in September and recorded the steepest decrease in seven months. The average annual variation in consumer prices was minus 0.5% in October, which matched September’s figure. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.4% over the same month last year, which was down from the 0.7% increase seen in September.
Author: Dirina Mançellari, Senior Economist