Israel Inflation


Israel: Consumer prices in September record steepest annual drop in five months

October 15, 2015

In September, consumer prices fell 0.4% over the previous month. The figure followed the 0.2% decrease seen in the previous month and marked a seven-month low.

Consumer prices fell 0.5% in September over the same month last year, which was slightly down from the 0.4% drop seen in August. The average of the annual variation in consumer prices was minus 0.5% in September, which was down from August’s 0.4% decrease. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.7% over the same month last year, which was up from the 0.4% increase seen in August.

FocusEconomics Consensus Forecast panelists expect inflation to be flat 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 September 2015

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

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