Israel Inflation May 2017


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.

FocusEconomics Consensus Forecast panelists expect inflation of 0.7% in 2017, which is unchanged from the previous month’s forecast. For 2018, the panel expects inflation to average 1.4%.

Author: Marlène Rump, Senior Data Analyst

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Israel Inflation Chart

Israel Inflation May 2017

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

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