Israel: Consumer prices in April drop at a steeper pace
June 6, 2016
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.
Author: Dirina Mançellari, Senior Economist