August inflation jumps 1%, shocking analysts

17.09.2012                      01.Tischrei. 5773                      Rosch Haschanah 1

Statistik:

August inflation jumps 1%, shocking analysts

The 12-month rise in the index is 1.9%, well within the government's target range of 1% to 3%. If housing costs are excluded, the rise is only 1.4%.

The August consumer price index has shot up 1%, surprising analysts, who were looking for an increase of 0.6% to 0.7%.
The spike announced by the Central Bureau of Statistics on Friday stems from three main factors: higher taxes on beer and cigarettes, price increases elsewhere around the world that filtered through to Israel, and seasonal fluctuations that boosted prices of items such as fruit, vegetables and housing. So far this year, consumer prices have increased 2.1%. When housing costs are excluded, the number is 1.6%….