Israel: Consumer prices in September record steepest annual drop in five months
October 15, 2015
In September, consumer prices fell 0.4% over the previous month. The figure followed the 0.2% decrease seen in the previous month and marked a seven-month low.
Consumer prices fell 0.5% in September over the same month last year, which was slightly down from the 0.4% drop seen in August. The average of the annual variation in consumer prices was minus 0.5% in September, which was down from August’s 0.4% decrease. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.7% over the same month last year, which was up from the 0.4% increase seen in August.
Author: Dirina Mançellari, Senior Economist