Israel: Inflation remains limp in October
Consumer prices rose 0.4% in October over the prior month, contrasting September’s 0.2% decrease. October’s reading was driven by higher prices for food, and clothing and footwear.
Inflation edged up to 0.4% in October from September’s over one-year low of 0.3%, but remained well below the Bank of Israel’s 1.0%-3.0% target range. Core inflation, which excludes volatile energy prices, was unchanged at 0.7%. Recent low inflation comes on the back of weak oil prices and a strong currency.