Israel Inflation April 2022

Israel

Israel: Inflation comes in at highest level since June 2011 in April

May 15, 2022

Consumer prices rose 0.77% in April over the previous month, picking up from the 0.58% rise logged in March. April's figure marked the highest reading since June 2013. Looking at the details of the release, prices for food increased at a faster pace in April. Price pressures for transportation and communication also rose.

Inflation came in at 4.0% in April, which was up from March’s 3.5%. April's reading was the highest inflation rate since June 2011, and was above the Central Bank’s 1.0–3.0% target range. Annual average inflation edged up to 2.6% in April (March: 2.4%). Lastly, core inflation rose to 3.5% in April, from March’s 3.1%.

FocusEconomics panelists see consumer prices rising 3.1% in annual terms in 2022, which is up 0.5 percentage points from last month’s forecast. Our panelists see inflation of 1.7% in 2023.


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Israel Inflation April 2022

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


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