Israel

Israel Inflation March 2022

Israel: Inflation holds stable in March above the Central Bank’s target

Consumer prices rose 0.58% in March over the previous month, below the 0.68% increase logged in February. Looking at the details of the release, prices for food were stable in March. Prices for transportation and communication grew at a slower pace. Meanwhile, education, culture and entertainment prices expanded at a stronger pace.

Inflation came in at 3.5% in March, unchanged from February’s reading and above the Central Bank’s 1.0–3.0% target range. That said, inflation remains modest relative to most other developed economies, thanks to the strong shekel, mild wage growth and long-term gas contracts limiting the pass-through effect of higher international gas prices. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.4% in March (February: 2.1%). Lastly, core inflation ticked up to 3.1% in March, from February’s 3.0%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest