Israel’s consumer prices fell in September compared to a year earlier, as the country’s economy also slowed, according to new data published by the Central Bureau of Statistics.
Prices fell 0.3% from the previous year, while they also fell 0.3% compared to the prior month when the inflation rate was zero.
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
Global commodity prices have slumped in recent months and Brent crude oil reached a four-year low on Wednesday, only to rebound later in the day.
Pope Francis Vows To Usher In ‘One World Religion’
Bill Gates Caught Admitting ‘Climate Change Is WEF Scam’ to Inner Circle
Elites Panic As Queen’s Death Threatens To Expose Pedophile Ring
WEF Anoint Charles ‘The Great Reset King’
WEF To Force Public To Wear ‘Brain Implants’ So the Elite Can Read Their Minds
Woody Harrelson Slams Big Pharma: 'The Last People You Should Trust With Your Health'
NASA Insider Confesses on Deathbed: I Filmed Fake Moon Landing in 1969
Disney’s ‘Little Demon’ Is Normalizing Satanism and Pedophilia for the Masses
Nostradamus Predicted 'Great Uprising' Against King Charles III
It is the first time Israel’s economy has slid into deflation in seven years. The move has prompted increased speculation that the central bank may slash interest rates. The benchmark rate is already at a record low of 0.25% but some economists believe the rate could be trimmed even further in a bid to bring inflation back within the government’s target range of 1% – 3%.
As well as slashing interest rates, Israel’s central bank has purchased foreign currency in vast amounts, bringing reserves to a record $87.6bn (£54.9bn, €68.6bn) level.
According to forecasts from the Central Bureau of Statistics, Israeli gross domestic product is set to expand at 2% in 2014, its slowest rate since the height of the financial crisis.
The economy has been hurt by Israel’s war with Hamas militants in Gaza this summer, with tourism and manufacturing exports slowing down significantly.
Latest posts by Royce Christyn (see all)
- Government Op Who Predicted Super Bowl Score Warns Of Nuclear War - February 18, 2017
- Video: Why Voting Doesn’t Change Anything & Democracy Is A Lie - May 7, 2016
- Did Bible Verse Predict String of Recent Quakes, Volcano, & Foam? - April 17, 2016