Israel: Inflation remains within the Central Bank's target range in November
December 14, 2018
Consumer prices fell 0.3% over the previous month in November, contrasting October’s 0.3% increase. The price decrease was driven by lower prices for all but two subcategories. Fresh vegetables and clothing prices increased but the affects were negated by cheaper prices elsewhere.
Inflation was stable at 1.2% in November, remaining within the Bank of Israel’s 1.0%–3.0% target range for the sixth consecutive month. Annual average inflation edged up from 0.7% in October to 0.8% in November.
Lastly, core inflation—which excludes volatile energy prices—was also stable at October’s 1.0% in November.
Author: Jan Lammersen, Economist