Economic indicators: Inflation And Monetary Policy

    MAR-20APR-20MAY-20
 
Inflation: Domestic and global (monthly averages, %)
1. Monthly change in Consumer Price Index0.4-0.3
2. Monthly change in CPI excluding food, energy, and fruit and vegetables0.6-0.1
3. Inflation rate over the previous 12 months0-0.6
4. Inflation expectations derived from the capital market for the next 12 months -1.1-0.84-0.17
5. Inflation expectations derived from the capital market for the rate in 10 years1.081.231.28
6. Professional forecasters' average estimate of inflation over the next 12 months0.750.220.18
7. Inflation rate in the eurozone over the past 12 months (1)0.750.310.06
8. Inflation rate in the US over the past 12 months1.540.33
 
Interest rates and spreads (monthly averages, percent)
9. Bank of Israel interest rate0.250.160.1
10. Central bank interest rate differential between Israel and the US-0.73-0.09-0.15
11. Yield on 12 month makam0.180.10.05
12. Yield on 12 month US Treasury bills0.30.160.15
13. Professional forecasters' average estimate of interest over the next 12 months0.10.130.09
14. Yield on unindexed 10-year government bond0.940.850.79
15. Yield on 10-year US Treasury note0.880.650.67
16. Yield spread between unindexed 10-year government bond and 3-month makam (slope of nominal curve)0.750.760.73

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(1) Figure for the latest month available.
(2) For the month of June Bank of Israel interest rate is 0.1 and Central bank interest rate differential between Israel and the US is -0.15.

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