Israel Inflation October 2021

Israel

Israel: Inflation drops in October

November 15, 2021

Consumer prices rose 0.10% in October over the previous month, coming in below September's 0.20% increase. October's result marked the weakest reading since January. Looking at the details of the release, prices for food rose in October. However, prices for transportation and communication dropped after growing in the previous month.

Inflation inched down to 2.3% in October, from September’s 2.5%, still within the Central Bank’s 1.0%–3.0% target range. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.0% in October (September: 0.7%). Lastly, core inflation fell to 2.1% in October, from September’s 2.3%.

FocusEconomics panelists see consumer prices rising 1.4% in annual terms in 2022, which is unchanged from last month’s forecast. Our panelists see inflation of 1.2% in 2023.


Author:, Economist

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Israel Inflation Chart


Israel Inflation October 2021

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


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