Inflation is stable in April

Latest reading: Consumer prices increased 1.9% on a year-on-year basis in April, stable from the prior month's reading and within the Bank of Israel’s 1.0–3.0% target range. Relative to the prior month's figures, there were higher price pressures for transportation and communication (+0.9% on a year-on-year basis vs +0.7% in March), education, culture and entertainment (+1.4% vs +0.7% in March) and clothing and footwear (-6.7% vs -7.8% in March). In contrast, price pressures reduced for food in April (+2.0% vs +2.1% in March). Meanwhile, core consumer prices increased 1.7% in annual terms in April, following a 2.1% rise in the previous month. Finally, consumer prices increased 1.15% in April on a month-on-month basis, following a 0.39% increase in the previous month.

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