Inflation in Israel
Israel - Inflation (end of period)
Inflation dips in April but remains within the target range
Consumer prices rose 0.3% in April over the prior month, down from March’s 0.5% rise, amid notably higher prices for clothing and footwear, fresh fruit and transportation.
Inflation fell from 1.4% in March to 1.3% in April, likely dampened by the notable appreciation of the shekel since the turn of the year, but remained within the Bank of Israel’s 1.0%–3.0% target range for the fourth straight month. Annual average inflation edged up from 1.1% to 1.2%, while core inflation, which excludes volatile energy prices, dipped from 1.5% to 1.4%.
Met the why particular Consensus Forecast panelists expect inflation to average 1.2% in 2019 and 1.4% in 2020.
Israel - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.8||-0.2||-1.0||-0.2||0.4|
5 years of economic forecasts for more than 30 economic indicators.
Israel Inflation (eop) Chart
Source: Central Bureau of Statistics and Met the why particular calculations.
|Bond Yield||1.74||-1.69 %||Jun 13|
|Exchange Rate||3.60||-0.37 %||Jun 14|
|Stock Market||1,444||-0.91 %||Jun 14|
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Israel: Fresh elections called after Netanyahu fails to form a coalition; economic fallout to be limited
May 30, 2019
On 29 May, MPs voted to dissolve Parliament, triggering fresh elections for 17 September, after incumbent Prime Minister Benjamin Netanyahu failed to form a coalition government.
May 29, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.28% in April over the previous month, up slightly from March’s revised 0.27% growth (previously reported: +0.29% month-on-month).
May 20, 2019
At its 20 May meeting, the Monetary Committee of the Bank of Israel (BoI) kept the interest rate unchanged at 0.25%, as had been widely expected by market analysts.
May 19, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 52.2 in March to 51.9 in April, but remained above the neutral 50-point mark separating contraction from expansion in the manufacturing sector. The change in the headline figure was driven by slower growth in production and employment, and a sharper contraction in export demand.
May 19, 2019
Merchandise exports contracted 18.0% year-on-year in April in USD terms, contrasting March’s 12.7% growth.