Israel Inflation August 2016


Israel: Consumer prices decline again in August

September 15, 2016

In August, consumer prices decreased 0.3% over the previous month. The figure was down from July’s 0.4% increase and marked the lowest reading in six months.

Consumer prices fell 0.7% in August over the same month of the previous year, which was slightly below July’s 0.6% decrease. The annual average variation in consumer prices was minus 0.7% in August, matching July’s reading. Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.1% on an annual basis. The figure came in below the flat result seen in July.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.3% 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%.

Author: Marlène Rump, Senior Data Analyst

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Israel Inflation Chart

Israel Inflation August 2016

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

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