Israel Inflation March 2016


Israel: Consumer prices in March drop at a steeper pace

April 15, 2016

In March, consumer prices fell 0.2% over the previous month. The figure came in slightly above the 0.3% decrease seen in February and hit a three-month high.

Consumer prices fell 0.7% in March over the same month of the previous year, which was down from the 0.2% drop seen in February. The average annual variation in consumer prices was minus 0.5% in March, thus coming in slightly above the minus 0.6% tallied in February. Core consumer prices, which exclude volatile items such as oil and vegetables, didn’t change on an annual basis. The flat figure was down from the 0.2% annual 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 March 2016

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

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