The Consumer Price Index (CPI) was unchanged in February, the Central Bureau of Statistics reported this afternoon. This was in line with analysts' predictions.
In February, food prices rose 1.1%, fresh fruit prices rose 7.6% and fresh chicken prices rose 15.6%. Furniture prices rose 1.1%, transport prices rose 0.7%, and health prices rose 0.5%, while the CPI in February was also influenced by a 4% rise in fuel prices, due to a 6% oil price hike on world markets.
Some prices fell in February including clothing and footwear, which was down 5.9%. Fresh vegetable prices fell 2.3%, telecom services prices fell 1.8%, mobile phone prices fell 2.8%, and housing prices fell 0.4%.
The CPI fell 0.2% in January, but has now risen 1.5% over the past 12 months, in the lower half of the government's 1-3% target range for annual inflation.
Published by Globes [online], Israel business news - www.globes-online.com - on March 15, 2013
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