Israel Inflation April 2016


Consumer prices in April drop at a steeper pace

In April, consumer prices increased 0.4% over the previous month. The figure contrasted the 0.2% decrease seen in March and hit the highest reading in a year.

Consumer prices fell 0.9% in April over the same month of the previous year, which was down from the 0.7% drop seen in the previous month. The average annual variation in consumer prices was minus 0.6% in April, thus coming in slightly below the minus 0.5% tallied in March. Core consumer prices, which exclude volatile items such as oil and vegetables, dropped 0.4% on an annual basis, thus coming in below the flat reading seen in March.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.5% in 2016, which is down 0.2 percentage points from the previous month’s forecast. For 2017, the panel expects inflation to average 0.8%.

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Israel Inflation Chart

Israel Inflation April 2016

Note: Year-on-year and month-on-month variation consumer price index in %.
Source: Central Bureau of Statistics (CBS).

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