Israel Inflation

Inflation stabilizes in May

Latest reading: Consumer prices rose 1.9% in annual terms in May, unchanged from the previous month's reading and within the Bank of Israel’s 1.0–3.0% target range. Relative to the prior month's figures, price pressures were higher for education, culture and entertainment in May (+1.5% in annual terms vs +1.4% in April). In contrast, there were reduced price pressures for food (+1.8% vs +2.0% in April) and transportation and communication (+0.8% vs +0.9% in April). Finally, the variation in clothing and footwear prices was the same as in the prior month (-6.7% in May and April). Meanwhile, core consumer prices were up 1.8% in annual terms in May, following a 1.7% increase in the previous month. Lastly, consumer prices declined 0.29% in May on a month-on-month basis, following a 1.15% rise in the previous month.

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