Israel: Inflation dips in March
Latest reading: Inflation came in at 3.3% in March, down from 3.4% in February but slightly above market expectations and the Bank of Israel’s 1.0–3.0% target range. The slight slowdown was linked to softer price pressures for transport amid lower global oil prices.
Annual average inflation rose to 3.3% in March from 3.2% in February. Meanwhile, core inflation fell to 3.4% from 3.5% in February.
Lastly, consumer prices were up 0.5% over the previous month in March, after February’s flat reading.