Israel's Consumer Price Index dropped 0.3% in May, a sharper decline than analyst forecasts, according to economic correspondent Yuval Sadeh (N12). The data is expected to clear the path for another interest rate cut by the Bank of Israel.
Yuval Sadeh (N12) reported that Israel's Consumer Price Index fell 0.3% in May, a more significant decline than analysts had projected. The data, published Monday evening, is seen as a clear signal for the Bank of Israel to cut interest rates again after its previous reduction. Separately, the same report noted that housing prices fell 0.3% in March–April, led by sharp drops of roughly 2% in Jerusalem and Haifa, while Tel Aviv and central Israel saw modest price increases of 0.7% and 0.2%, respectively. The lower-than-expected CPI reading strengthens the case for a more accommodative monetary policy amid a mixed real-estate market.
3 developments
- ConfirmedIsrael apartment prices fall 0.3% in March-April, with sharp drops in Jerusalem and Haifa
- StrongShekel strengthens as Bank of Israel fixes dollar at 2.907 after technical glitch fix
- StrongU.S. inflation hits 4.2% in May, core at 2.9% — energy prices lead surge
- DevelopingLand prices fell 4.9% in Israel in 2024-2025, first official index data shows
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
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