Israel Inflation April 2018

Israel

Israel: Inflation rises but remains below the Central Bank's target range

May 16, 2018

In April, consumer prices in Israel rose 0.4% over the prior month, slightly higher than March’s 0.3% month-on-month increase, according to the Central Bureau of Statistics. The pick-up in prices reflected higher prices for fresh vegetables and fruit, as well as for clothing and footwear.

Inflation came in at 0.4%, above the prior month’s reading of 0.2%. The result matched market expectations and marked the eighth consecutive month of positives annual changes in consumer prices; however, inflation remained below the Central Bank’s 1.0%—3.0% target range. Furthermore, annual average inflation edged down from 0.2% in March to 0.1% in April.

Lastly, core inflation—which excludes volatile energy prices—was stable at the prior month’s print of 0.2% in April.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.7% in 2018, which is unchanged from last month’s forecast. For 2019, our panel expects inflation to average 1.3%.


Author:, Economist

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Israel Inflation Chart


Israel Inflation April 2018

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


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