Israel Inflation March 2020

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

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.

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