News Briefs

  4/23/2012, Iyar 1, 5772

March Inflation at 0.2%

The Bank of Israel announced on Monday that the inflation rate in Israel for March was 0.2%. The increase in prices, said the Bank, was evidence of an expanding economy, similar to the second half of 2011 – but with the expansion occurring at a slower pace.

The increase reflects a sharp rise in the cost of imported raw materials. Other prices, including industrial prices, fell during the period.