Israel Inflation March 2018


Israel: Inflation stable at 0.2% in March

April 15, 2018

Consumer prices increased 0.3% on a month-on-month basis in March, faster than February’s 0.1% rise. March’s acceleration, according to the Central Bureau of Statistics (CBS), was the result of higher prices for household services and recreation, as well as for clothing and footwear.

Inflation was stable from a month earlier at 0.2%, matching analysts’ expectations. For another month, inflation remained far below the Bank of Israel’s 1.0%–3.0% target range. Moreover, annual average inflation came in at 0.2% for the fifth consecutive month.

Meanwhile, core inflation—which excludes volatile energy prices—ticked up to 0.2% in March from 0.1% a month earlier.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.8% in 2018, which is unchanged from last month’s forecast. For 2019, our panel expects inflation to average 1.4%.


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Israel Inflation Chart

Israel Inflation March 2018

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

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