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Consumer Price Index up 0.1% in July
Central Bureau of Statistics says increase in line with projections; attributes rise to increasing housing, produce prices
The Consumer Price Index (CPI) rose 0.1% in July, the Central Bureau of Statistics reported Thursday.
According to the CBS, July's inflation was in line with the government's annual goals of 1%-3%.
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According to the CBS report, the CPI rise could be attributed to significant price hikes in housing services (1.1%), tourism and leisure (4.6%) and fresh vegetables (3.7%).
Prices in several sectors were down, including clothing and footwear (9.4%), and fuel (2.2%).
Analysts' believe that the Bank of Israel Monetary Committee is likely to leave September's key interest rates as is – at 2.25%.
