The Bank of Israel is slated to decide on interest rates on April 3. (Reporting by Steven Scheer)
Messaging: steven.scheer.thomsonreuters.com@reuters.net; Twitter: @StevenMScheer)) JERUSALEM, March 15 (Reuters) - Israel's inflation rate
eased to a four month low of 5.2% in February from 5.4% in
January, but it was higher than expected and likely meant
another interest rate hike was likely next month.
The consumer price index (CPI) rose 0.5% in February from
January, led by gains in fresh produce, housing rentals, food
and transportation costs.
Economists polled by Reuters had on average expected a 0.3%
monthly rise and a 5.0% annual rate.
February's inflation rate was the lowest since October.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.