Israel

Israel Inflation August 2019

Israel: Inflation remains limp in August, raising prospect of monetary easing

Consumer prices rose 0.2% in August over the prior month, contrasting July’s 0.3% fall. August’s reading was driven by higher prices for fresh fruit and vegetables, and culture and entertainment.

Inflation ticked up marginally to 0.6% in August from 0.5% in July, but remained well below the Bank of Israel’s 1.0%-3.0% target range. Core inflation, which excludes volatile energy prices, increased from 0.7% to 0.8%. Recent low inflation is likely being driven in part by the stronger shekel and low oil prices, and could add to calls for monetary easing, which was already hinted at in the Central Bank’s August meeting.

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