Key insights
- Israel's inflation remained at 1.9% in April, below the expected 2.0%. However, the CPI rose 1.2% month-over-month due to the war in Iran. The Bank of Israel will meet on May 25 to discuss interest rates. While seemingly localized, persistent geopolitical tensions in the Middle East can impact global supply chains and risk sentiment, indirectly influencing US markets.
JERUSALEM, May 15 (Reuters) - Israel’s annual inflation rate held steady in April at 1.9%, according to data on Friday from the Central Bureau of Statistics that was slightly below estimates.
The April rate was below expectations of 2.0% in a Reuters poll and is within the government’s 1%-3% annual target range.
The consumer price index rose 1.2% in April from March amid the war in Iran.
The Bank of Israel next meets on interest rates on May 25. After two cuts in November and in January following the Gaza war, it has left rates steady the last two meetings.