Israel Inflation May 2016

Israel

Israel: Consumer prices in May drop at a softer pace

June 15, 2016

In May, consumer prices increased 0.3% over the previous month. The figure was slightly below the 0.4% increase seen in April, which had marked the highest reading in a year.

Consumer prices fell 0.8% in May over the same month of the previous year, which was up from the 0.9% drop seen in the previous month. The average annual variation in consumer prices was minus 0.6% in May, thus matching April’s reading. Core consumer prices, which exclude volatile items such as oil and vegetables, dropped 0.3% on an annual basis, thus coming in above the 0.4% decrease seen in April.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.1% in 2016, which is unchanged from the previous month’s forecast. For 2017, the panel expects inflation to average 1.2%.


Author:, Senior Economist

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Israel Inflation Chart


Israel Inflation May 2016 0

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


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