Israel's export price index rose 16.2% in 2008 compared to a 6% gain in the preceding year, a report by the Central Bureau of Statistics said.

At the same time, the import price index increased 14.1% compared to an 8.5% rise in the previous year. The terms of trade index grew 1.8% in 2008, after registering a 2.3% decline in 2007.

The export price index, excluding ships, aircraft and diamonds, increased 9% in 2008, compared to 4.5% rise in the previous year, while the corresponding import price index climbed 15%, compared to a 7.6% gain in 2007. The terms of trade index was down 5.3% in 2008, following a 2.9% drop in 2007.

In the fourth quarter, the export price index fell 4.2%, while import price index declined 14.4%. Excluding ships, aircraft and diamonds, the export price index dropped 5.7%, while import price index slipped 15.6%.

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