Israel Macro Economic Review
A drop in prices over the past year; factors likely to lead to price
increases in 2015 include the CPI’s housing component and
depreciation of the shekel
September’s consumer price index (CPI) fell 0.3% compared to the previous
month, slightly more negative than forecasted. The most significant price
declines occurred in the following components: recreation and leisure,
fresh fruits, and food. It is notable that food prices, which account for
14% of the consumption basket of households, have been in a gradual
downward trend over the past year. From their peak in October 2013,
food prices have declined 3.3% (between 2007 – 2013 food prices went
up sharply by 28%).
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