Israel Inflation February 2024

Israel: Inflation drops to lowest level since November 2021 in February

Inflation came in at 2.5% in February, down from January’s 2.6%, amid lower food price pressures. February’s result marked the weakest inflation rate since November 2021 and was within the Bank of Israel’s 1.0–3.0% target range for the third straight month.

Annual average inflation fell to 3.8% in February (January: 4.0%). Meanwhile, core inflation edged down to 2.5% in February, from January’s 2.7%.

Finally, consumer prices increased 0.38% over the previous month in February, following January’s flat result.

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