Israel: Inflation remains steady in April
Inflation held steady at March’s 5.0% in April, well above the Central Bank’s 1.0–3.0% target range. Looking at the details of the release, education, culture and entertainment prices rose at a quicker pace in April compared to the previous month, as did price pressures for transportation and communication. In contrast, food price inflation eased, and clothing prices fell at a sharper pace.
The trend pointed up mildly, with annual average inflation coming in at 4.9% in April (March: 4.8%). Meanwhile, core inflation ticked up to 5.1% in April, from the previous month’s 5.0%.
Finally, consumer prices rose 0.78% in April over the previous month, picking up from the 0.39% increase logged in March. April’s uptick was the highest reading since July 2022.