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Israel: Inflation decelerates in September from August
Latest reading: Consumer prices rose 2.5% in annual terms in September, following a 2.9% rise in the previous month and within the Bank of Israel’s 1.0–3.0% target range. The September reading was below market expectations.
Relative to the prior month’s figures, there were reduced price pressures for food (+3.0% on a year-on-year basis vs +3.5% in August) and education, culture and entertainment (+2.8% vs +3.8% in August). In contrast, there were higher price pressures for transportation and communication (+2.5% vs +2.3% in August) and clothing and footwear (-5.9% vs -6.7% in August).
Meanwhile, core consumer prices were up 2.6% in annual terms in September, following a 3.1% rise in the previous month.
Finally, consumer prices declined 0.58% in September in month-on-month terms, following a 0.68% increase in the prior month.
