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Israel: Inflation increases in June
Latest reading: Inflation came in at 3.3% in June, which was up from May’s 3.1% and beat market expectations. The bounce-back in price pressures was largely due to increasing price pressures for food. In addition, prices for transportation and communication grew at a faster pace.
The trend was unchanged, with annual average inflation coming in at May’s 3.4% in June. Meanwhile, core inflation ticked up to 3.5% in June from May’s 3.4%.
Lastly, consumer prices rose 0.29% in June over the previous month, swinging from the 0.29% fall recorded in May.
