Israel: Inflation dips in April but remains within the target range
May 15, 2019
Consumer prices rose 0.3% in April over the prior month, down from March’s 0.5% rise, amid notably higher prices for clothing and footwear, fresh fruit and transportation.
Inflation fell from 1.4% in March to 1.3% in April, likely dampened by the notable appreciation of the shekel since the turn of the year, but remained within the Bank of Israel’s 1.0%–3.0% target range for the fourth straight month. Annual average inflation edged up from 1.1% to 1.2%, while core inflation, which excludes volatile energy prices, dipped from 1.5% to 1.4%.
Author: Oliver Reynolds, Economist