Israel: Inflation returns for first time since July 2014
February 15, 2017
Consumer prices in Israel declined in January compared to the previous month, which was below the 0.2% drop recorded in December.
Inflation came in at 0.1% in January, which contrasted December’s 0.2% decline and overshot analysts’ expectation of zero annual change in prices. It marked the first time since July 2014 that the annual change in consumer prices recorded a positive value. The annual average variation in consumer prices was minus 0.5% in January, matching December’s figure.
Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.2% on an annual basis in January, mirroring December’s figure.