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Economists Predict Drop in Israeli Inflation Data
Economists predict Israel's September Consumer Price Index will fall by 0.3%-0.4%, leading to a slight annual inflation increase to 1.7%-1.8%, still within the Bank of Israel's target. The drop is mainly due to cheaper international flights and temporary fuel tax cuts, though fuel prices may rise after elections.
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What happened
- 01Economists forecast a 0.3%-0.4% decrease in Israel's September Consumer Price Index.
- 02Annual inflation is expected to rise to 1.7%-1.8%, remaining within the Bank of Israel's target.
- 03Cheaper international flights and temporary fuel tax cuts are driving the predicted index decrease.
- 04Fuel prices may increase in November if temporary tax reductions are not extended post-election.
- 05The Bank of Israel is expected to maintain its interest rate at 3.25% on October 21st.
The Bank of Israel is expected to hold its interest rate steady at 3.25% on October 21st, with differing forecasts on future rate movements.
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