Israeli Central Bureau of Statistics announced the stability of the consumer price index last January on a monthly basis. The index has become below the upper limit of the target range set by the Bank of Israel for the first time in 18 months.
A study conducted by the US Federal Reserve Bank branch in San Francisco showed that the prices of everyday purchases - especially fuel and food - have an exaggerated impact on consumer perceptions. Many analysts believe that the rise in prices will reach the official figures issued by the Central Statistical Office soon.