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.
Author: Dirina Mançellari, Senior Economist