Israel Inflation October 2018

Israel

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

November 15, 2018

Consumer prices rose 0.3% over the previous month in October, accelerating from September’s 0.1% increase. The print came on the back of higher prices for clothing; recreation, holidays and trips; and bathing products and cosmetics.

Inflation was stable at 1.2% in October, remaining within the Bank of Israel’s 1.0%–3.0% target range for the fifth consecutive month. Annual average inflation edged up from 0.6% in September to 0.7% in October, the highest reading in nearly four years.

Lastly, core inflation—which excludes volatile energy prices—inched up to 1.0% in October from 0.9% in September.

Israel Inflation Forecast


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 October 2018

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


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