Israel Headline Inflation

Israel's headline inflation held steady at 1.9%yoy, falling short of market and firm expectations of 2.2%. Weak core goods inflation, driven by a strong Shekel, offset increases in services and housing prices.

Key Takeaways

• 1.Headline inflation remained unchanged at 1.9%yoy for the third consecutive month, marking a significant downside surprise versus expectations of 2.2%yoy.
• 2.Core goods inflation remains negative due to the strength of the Shekel, though core services and housing inflation saw increases.

Table of Contents

• Israel: Headline Inflation Unchanged at +1.9%yoy, In Downside Surprise to Expectations
• Disclosure Appendix

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