Israel Inflation

Israel

Israel: Consumer prices in August record steeper annual drop

September 15, 2015

In August, consumer prices fell 0.2% over the previous month. The figure contrasted the 0.2% increase seen in the previous month and marked a six-month low.

Consumer prices fell 0.4% in August over the same month last year, which was slightly down from the 0.3% drop seen in July. The average of the annual variation in consumer prices was stable at the previous month’s minus 0.4%, thus maintaining the lowest level since November 2004. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.4% over the same month last year, which was slightly down from the 0.5% increase seen in July.

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 August 2015

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


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