Consumer Price Index surprises with 0.1% fall

By ADRIAN FILUT / GLOBES
December 15, 2011 19:05

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Consumer Price Index (CPI) for November fell 0.1 percent, the Central Bureau of Statistics reported Thursday evening. It was a major surprise with analysts predicting that last month's index would rise by 0.2%. November's fall follows a 0.1% rise in the index in October, which was slightly below analyst's predictions. This is the third consecutive month that the index has been below analysts' expectations.

The main reason for the fall in the index in November was the housing item which fell 0.7% largely due to a 1% fall in rents.

Inflation in the first 11 months of 2011 totaled 2.2%, midway in the government's 1-3% target range. Inflation has been 2.6% over the past 12 months.

Related Content

Breaking news
August 19, 2018
Afghanistan announces Muslim Eid holiday ceasefire with Taliban

By REUTERS