Inflation over the 12 months ending in August was 1.3%, well below the mid-range of the government's 1-3% annual inflation target.
The Consumer Price Index (CPI) rose by 0.2% in August to 102.3 points, the Central Bureau of Statistics announced today. The monthly reading was less than the market consensus of a 0.4% rise. The CPI had risen by 0.3% in July and the latest figures mean that inflation over the 12 months ending in August was 1.3%, well below the mid-range of the government's 1-3% annual inflation target. However, inflation has totaled 1.8% since the start of 2013.
In August, there were notable rises in housing (0.7%), which does not include home prices and comprises mainly rents, culture and entertainment (1.6%), health (0.5%), transport (0.3%), and food (0.2%). Prices of alcoholic beverages and spirits rose 4.1% in August after rising 10% in July.
On the other hand, fresh vegetable produce fell (3.9%), clothing and footwear (3.7%), and communications (0.4%).
Published by Globes [online], Israel business news - www.globes-online.com - on September 15, 2013
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