Israel: Inflation decreases in February
Latest reading: Inflation came in at 3.4% in February, down from January’s 3.8%, below market forecasts but still above the Bank of Israel’s 1.0–3.0% target range. The slowdown was broad-based, with lower price pressures recorded for food; transportation and communication; education, culture and entertainment; and clothing and footwear.
Annual average inflation remained at January’s 3.2% in February. Meanwhile, core inflation fell to 3.5% in February from January’s 3.8%.
Lastly, consumer prices were flat over the previous month in February, after January’s 0.56% increase.