Israel Inflation March 2020

Israel

Israel: Consumer prices unchanged year-on-year in March

April 14, 2020

Consumer prices rose 0.4% over the prior month in March, following February’s 0.1% decline. March’s reading was driven by higher prices for clothing and footwear, food and housing.

Consumer prices were unchanged year-on-year in March, down from February’s 0.1% increase and below the Bank of Israel’s 1.0%–3.0% target range. Looking ahead, price pressures will be subdued due to low oil prices and a weak economy.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.5% in 2020, which is down 0.4 percentage points from last month’s forecast. For 2021, our panelists expect inflation to average 1.4%.


Author:, Economist

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Israel Inflation Chart


Israel Inflation March 20 20

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


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