Israel Inflation

Israel

Israel: Consumer prices continue to fall in June

July 15, 2015

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

Consumer prices fell 0.4% in June over the same month last year, which matched May’s reading. As a result, the average of the annual variation in consumer prices continued the downward trend that began in June 2014, falling from minus 0.3% in May to minus 0.4% in June, thus maintaining the lowest level since December 2004. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.4% over the same month last year, which was down slightly from the 0.5% 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%.


Author:, Senior Economist

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Israel Inflation Chart


Israel Inflation June 2015

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


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