Israel Inflation December 2018


Israel: Inflation falls below the Central Bank's target range in December

January 15, 2019

Consumer prices decreased 0.3% over the previous month in December, matching November’s drop in the price level. The result reflected cheaper prices for culture and entertainment; fresh vegetables; transportation; and footwear.

Inflation eased to 0.8% in December from 1.2% in November and fell below the Bank of Israel’s 1.0%–3.0% for the first time in seven months. Annual average inflation was stable at November’s 0.8% in December. Lastly, core inflation, which excludes volatile energy prices, remained stable at for the second consecutive month at 1.0% in December.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees inflation averaging 1.5%.

Author:, Economist

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Israel Inflation Chart

Israel Inflation December 2018

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

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