News Israel today

latest news from Israel in english

The price index decreased by half more than predicted

According to the Central Bureau of statistics, the consumer price index in November was -0.4%, which is twice lower than projected by most experts indicator.

Inflation over the last 12 months amounted, therefore, -0,9%. Expert opinions about the cause of deflation differ, however the majority tend to consider it the result of external factors rather than the result of internal problems and a symptom of economic stagnation.

The negative index in November was influenced by lower prices for holidays in Israel and abroad (of -2.6%), tomatoes (-16,9%), gasoline and motor oil (-1,8%), poultry (-4.4 per cent), fresh fruit (-4,3%).

Rose in November, housing (0.8 percent), clothing (3%) and cucumbers (20.7 per cent).

It should be noted that the index shows renewed growth in housing prices by 6.9% in annual terms, despite the fact that the government’s actions led to the departure of investors from the housing market.




The price index decreased by half more than predicted 16.12.2015

Поделиться в соц. сетях

Опубликовать в Google Buzz
Опубликовать в Google Plus
Опубликовать в LiveJournal
Опубликовать в Мой Мир
Опубликовать в Одноклассники
Latest news from Israel in english © 2010-2015
38 queries