Israel's annual inflation rate ticked down to 1.9%, within the Bank of Israel's 1-3% target range, according to a report by Yuval Sadeh broadcast by N12. The figure reflects a continued moderation from higher levels in prior months.
Israel's annual inflation rate fell to 1.9% in the latest reading, landing inside the Bank of Israel's target range of 1-3% for the first sustained period this year, according to a report by N12 economic correspondent Yuval Sadeh. The figure marks a continued decline from recent peaks and suggests price pressures are easing. Core inflation and sectoral breakdowns were not detailed in the initial report. The Bank of Israel is expected to factor the data into its next interest-rate decision.
3 developments
- DevelopingIsrael's annual inflation fell to 1.6%, lowest in over five years
- StrongBank of Israel Cuts Rate to 3.5%, Warns Recovery Depends on No Renewed Fighting
- DevelopingAnalysts assess Bank of Israel will cut interest rate by quarter point tomorrow
- DevelopingPeakot forecasts two more Bank of Israel rate cuts, inflation to dip to 1.5%
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Open-source intake