Israel: Inflation edges down in April
May 15, 2017
Consumer prices grew 0.2% in April compared to the previous month (March: 0.3% month-on-month), mainly due to higher prices for fresh fruit, clothing, culture and entertainment.
Inflation came in at 1.8% in April, which was below March’s 2.0% figure. The annual average variation in consumer prices was 0.8% in April, above March’s 0.5%. The Central Bureau of Statistics changed the base year for inflation from 2014 to 2016, which resulted in a sizeable upward revision of the inflation figures.
Core inflation, which excludes volatile items such as oil and vegetables, increased 0.6% on an annual basis in April, matching March’s reading.