Israel Inflation November 2018

Israel

Israel: Inflation remains within the Central Bank's target range in November

December 14, 2018

Consumer prices fell 0.3% over the previous month in November, contrasting October’s 0.3% increase. The price decrease was driven by lower prices for all but two subcategories. Fresh vegetables and clothing prices increased but the affects were negated by cheaper prices elsewhere.

Inflation was stable at 1.2% in November, remaining within the Bank of Israel’s 1.0%–3.0% target range for the sixth consecutive month. Annual average inflation edged up from 0.7% in October to 0.8% in November.

Lastly, core inflation—which excludes volatile energy prices—was also stable at October’s 1.0% in November.

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 November 2018

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


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