Consumer price inflation in Israel rose less-than-expected last month. The Central Bureau of Statistics (CBS) reported that Israeli CPI rose to a seasonally adjusted annual rate of 0.1%, to 101.9 points, from 0.3% in the preceding month.

The CBS noted that the index excluding fresh fruit and vegetables and the index excluding energy also rose by 0.1%, to 101.8 points and 101.9 points respectively.

However, the index excluding housing rose by 0.2% to 101.0 points. The CBS also noted that there were notable rise in the prices of fresh fruit (5.0%), clothing and footwear (2.3%), culture and entertainment (1.3%) and transport (0.7%). The notable falls were in prices of fresh vegetables (4.9%), furniture and home equipment (1.1%), and food (0.3%).

In the twelve months to the end of April, the CPI rose by 1%. The government's price stability target range is 1-3%, so that inflation is currently at the bottom of the range.