Israel Inflation November 2016


Israel: Consumer prices continue to fall in November

December 15, 2016

Consumer prices fell 0.4% in November compared to the previous month, contrasting the 0.2% rise recorded in October and undershooting analysts’ expectations of a 0.1% drop. November’s reading marked the lowest figure in 10 months.

Consumer prices fell 0.3% year-on-year in November, mirroring October’s figure. The annual average variation in consumer prices was minus 0.6% in November, a marginal increase from October’s 0.7% decline.

Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.4% on an annual basis in November. The figure came in below the 0.2% decline seen in October.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.5% in 2016, which is down 0.1 percentage points from the previous month’s forecast. For 2017, the panel expects inflation to average 0.9%, which is also down 0.1 percentage points from the previous month’s estimate.

Author:, Economist

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Israel Inflation Chart

Israel Inflation November 2016

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

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