Israel: Inflation rises in April
Latest reading: Inflation ticked up to 3.6% in April, above March’s 3.3%, market expectations, and the Bank of Israel’s 1.0–3.0% target range. Looking at the details of the release, education, culture and entertainment plus transport and communications prices rose at a quicker pace in April compared to the previous month.
Annual average inflation rose to 3.4% in April (March: 3.3%). Meanwhile, core inflation rose to 3.9% in April from March’s 3.4%.
Finally, consumer prices increased 1.08% from the previous month in April, picking up from March’s 0.49% rise. April’s figure marked the highest reading since July 2022.