Israel Inflation

Israel

Israel: Consumer prices in November record steepest annual drop in eight months

January 7, 2016

In November, consumer prices fell 0.4% over the previous month. The figure contrasted the 0.1% increase seen in October and marked a nine-month low.

Consumer prices fell 0.9% in November over the same month last year, which was slightly down from the 0.7% drop seen in October and recorded the steepest decrease in eight months. The average annual variation in consumer prices was minus 0.6% in November, which was down from October’s minus 0.5%. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.2% in November over the same month last year, which was down from the 0.4% increase seen in October.

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 November 2015

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


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