Israel Inflation


Israel: Decline in consumer prices quickens in December

January 15, 2015

In December, consumer prices posted flat growth compared to the previous month, which was up from the 0.2% drop tallied in November. According to the Central Bureau of Statistics (CBS), December’s reading reflected lower prices for food and household equipment, which were offset by higher prices for clothing and footwear.

Consumer prices fell 0.2% in December over the same month of the previous year, which was below the 0.1% decline registered in November. As a result of December’s decline, annual average inflation continued the downward trend that began in June 2014, inching down to 0.5% in December from November’s 0.6%. Core consumer prices, which exclude volatile items such as oil and vegetables, rose 0.1% year-on-year in December; this mirrored the previous month’s result.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.8% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects inflation to average 1.4%.

Author:, Economist

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Israel Inflation Chart

Israel Inflation December 2014 0

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

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