Israel: Inflation comes in at highest level since December 2023 in June
Inflation came in at 2.9% in June, up from May’s 2.8%. June’s figure was the highest inflation rate since December 2023, but was still just within the Bank of Israel’s 1.0–3.0% target range. The uptick was driven by a notably softer fall in clothing prices, and higher price pressures for education.
Annual average inflation fell to 3.1% in June (May: 3.2%). Meanwhile, core inflation rose to 2.7% in June from the previous month’s 2.4%.
Lastly, consumer prices rose 0.09% from the previous month in June, which was below May’s 0.19% rise.