Israel Inflation


Consumer prices continue to fall in annual terms in July

In July, consumer prices rose 0.2% over the previous month, which followed the 0.3% increase seen in June. According to the Central Bureau of Statistics (CBS), July’s reading reflected higher prices for clothing and footwear.

Consumer prices fell 0.3% in July over the same month last year, which was slightly up from the 0.4% drop seen in June and marked a seven-month high. The average of the annual variation in consumer prices was stable at the previous month’s minus 0.4%, thus maintaining the lowest level since November 2004. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.5% over the same month last year, which was slightly up from the 0.4% increase seen in the previous month.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.0% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects inflation to average 1.5%.

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Israel Inflation Chart

Israel Inflation July 2015

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

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