Israel Inflation February 2016

Israel

Israel: Consumer prices in February drop at a softer pace

March 16, 2016

In February, consumer prices fell 0.3% over the previous month. The figure came in above the 0.5% decrease seen in January.

Consumer prices fell 0.2% in February over the same month of the previous year, which was up from the 0.6% drop seen in January and marked the softest decrease in over a year. The average annual variation in consumer prices was minus 0.6% in February, thus matching the previous month’s reading. Core consumer prices, which exclude volatile items such as oil and vegetables, increased 0.2% on an annual basis, which was up from the 0.1% increase seen in February.

FocusEconomics Consensus Forecast panelists expect annual consumer prices to drop 0.5% in 2016, which is down 0.2 percentage points from the previous month’s forecast. For 2017, the panel expects inflation to average 0.8%.


Author:, Senior Economist

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Israel Inflation Chart


Israel Inflation February 2016

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


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