Israel's Consumer Price Index (CPI) rose 0.7% in May to 101.7 points, the Central Bureau of Statistics reports. This was above the analysts' expectations. The index excluding housing rose 0.9%. There were notable rises last month in prices of fresh fruit (up 10.2%), and of clothing and footwear (up 7.8%). Since the beginning of 2019, the CPI has risen 1.5%, and the index excluding housing has risen 1.8%. In the twelve months to the end of May, the CPI rose 1.5%, and the index excluding housing rose 1.2%. RELATED ARTICLES Shekel stronger despite Israeli rate hike looking unlikely BoI Governor rebukes politicians for damaging economy "Bank of Israel will find it difficult to raise rate" Seasonally adjusted, the CPI rose 0.4% in May. Trend figures for February 2019 to May 2019 show the current annual rate of inflation to be 2.1%. This puts the rate within the government's target range of 1-3%. Published by Globes, Israel business news - en.globes.co.il - on June 16, 2019 © Copyright of Globes Publisher Itonut (1983) Ltd. 2019
