Israel Inflation July 2016

Israel

Israel: Consumer prices drop at softer pace in July

August 16, 2016

In July, consumer prices increased 0.4% over the previous month. The figure was slightly up from the 0.3% increase seen in the previous month and marked the highest reading in three months.

Consumer prices fell 0.6% in July over the same month of the previous year, which was slightly up from the 0.8% decrease tallied in the previous month and marked the slowest decline in five months. The annual average variation in consumer prices was minus 0.7% in July, matching June’s reading. Finally, core consumer prices, which exclude volatile items such as oil and vegetables, did not change on an annual basis and the figure came in above the 0.2% drop seen in June.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.1% in 2016, which is unchanged from the previous month’s forecast. For 2017, the panel expects inflation to average 1.2%.


Author:, Senior Economist

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Israel Inflation Chart


Israel Inflation July 2016 1

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


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