Israel Inflation October 2016

Israel

Israel: Annual fall in consumer prices smallest in eight months

In October, Israeli consumer prices increased 0.2% from the previous month. The figure contrasted September’s 0.1% decrease.

Consumer prices fell 0.3% in annual terms in October, which was softer than September’s 0.4% decrease and the weakest decline seen in eight months. The annual average variation in consumer prices was minus 0.7% in October, matching September’s reading.

Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.2% on an annual basis. The figure came in above the 0.3% decline seen in September.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.4% in 2016, which is down 0.1 percentage points from the previous month’s forecast. For 2017, the panel expects inflation to average 1.0%, which is unchanged from last month’s forecast.


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Israel Inflation Chart


Israel Inflation October 2016

Note: Year-on-year and month-on-month variation consumer price index in %.
Source: Central Bureau of Statistics (CBS).


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