Consumer Price Index for April rose by 1.2%, over the past year the CPI rose by 1.9%
The Consumer Price Index rose in April by 1.2%, in line with economists' estimates. Over the past twelve months, the Consumer Price Index rose by 1.9%. Notable price increases were recorded in the following categories:…
Assessment
The April consumer price index rose 1.2 percent, matching economist forecasts, while the annual rate reached 1.9 percent. Fresh fruit prices surged 7.8 percent and transportation rose 4.9 percent, with rent increases hitting both renewing and new tenants. The data suggests steady but contained inflationary pressure, with the annual figure still below the Bank of Israel's target range. Watch for whether the central bank adjusts interest rates at its next decision.