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.