Israel's Consumer Price Index (CPI) for October rose by 0.3%, the Central Bureau of Statistics reported this afternoon. The rise was in line with analysts' expectations with a 0.2-0.3% rise predicted.
Since the start of 2014, the CPI is unchanged and the index excluding fruit and vegetables and the index excluding energy have both risen 0.1%. Over the 12 months up to and including October, the index has fallen by 0.3%, while the index excluding housing has fallen 1.1%, the index excluding energy has fallen 0.2% and the index excluding fruit and vegetables in unchanged.
Notable rises in October were in fashion and footwear (5.5%), fresh vegetables (2%), food (0.7%), educational services (0.6%, furniture (0.5%), and housing costs (0.2%). There were notable falls in fresh fruit (1.9%) and culture and entertainment (0.4%).
Looking ahead, the analysts expect the negative inflation of the past 12 months to become positive in the first quarter of 2015, and return to the stable range of price rises (over 1%), in the first half of the coming year.
Published by Globes [online], Israel business news - www.globes-online.com - on November 14, 2014
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