Israel Inflation January 2016

Israel

Israel: Consumer prices in January record softest annual drop in four months

March 7, 2016

In January, consumer prices fell 0.5% over the previous month. The figure came in below the 0.1% decrease seen in December.

Consumer prices fell 0.6% in January over the same month of the previous year, which was up from the 1.0% drop seen in December and marked the softest decrease in four months. The average annual variation in consumer prices was minus 0.6% in January, thus matching the previous month’s reading. Core consumer prices, which exclude volatile items such as oil and vegetables, increased 0.1% on an annual basis, which was up from the flat reading seen in December.

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 January 2016

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


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