Israel’s Consumer Price Index fell 0.3% in May, below analysts’ expectations. It brings annual inflation in Israel down to 3.1%. The largest fall (2.4%) was in transport and communications. Israel’s fiscal deficit fell to 5.1% due to a NIS 1.6 billion dividend by state-owned Israel Aerospace Industries.
https://en.globes.co.il/en/article-inflation-falls-unexpectedly-housing-prices-lower-1001512959