CBS: Israel April CPI +0.6%

Inflation is expected to stay above or close to 4% for most or all of 2011 and, as a result, is likely to prompt further monetary tightening of at least another 100 basis points this year
 
The Central Bureau of Statistics reported last week that Israel's consumer price index rose by a less-than-expected 0.6% in April from March to stand 4.0% higher year-on-year, decelerating from a 4.3% rate the prior month.
 
During the first four months of 2011 the Israeli inflation rose by 1.3%. It was the 14th straight monthly rise in the monthly CPI.
 
Israel's inflation rate in January moved above the annual government target of 1-3% for the first time since last March, causing concern among policymakers.
 
Inflation is expected to stay above or close to 4% for most or all of 2011 and, as a result, is likely to prompt further monetary tightening of at least another 100 basis points this year, analysts say.
 
The main sectors that contributed to the rising inflation during April were: Clothing (5.4% increase),fresh fruit (4.2% increases),transportation (0.8% rise) and housing (0.7% increase).
 
The main sectors that contributed to the rising inflation during April were: Clothing (5.4% increase), fresh fruit (4.2% increases), transportation (0.8% rise) and housing (0.7% increase).
 
The index sans energy and the index sans housing increased during April by 0.7% each compared to March, and during the first four months of 2011 they rose by 1.2% and 1%, respectively The main sectors that contributed to the rising inflation during April were: During the first four months of 2011 During the first four months of 2011 During the first four months.