Israel: Inflation edges up in May
June 15, 2017
Consumer prices increased 0.4% in May compared to the previous month (April: +0.2% month-on-month), mainly due to higher prices for clothing, footwear and fresh fruit.
Inflation came in at 0.8% in May, which was a notch above April’s 0.7% figure. The annual average variation in consumer prices was zero in May (April: -0.2%), the highest result in over two years.
Core inflation, which excludes volatile items such as oil and vegetables, increased 0.6% on an annual basis in May, matching April’s reading.