Israel Inflation September 2018

Israel

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

October 15, 2018

In September, consumer prices edged up 0.1% over the previous month, matching August’s reading. The result came on the back of higher prices for fresh vegetables and education services, which more than outweighed lower prices for culture and entertainment, and fresh fruit.

Inflation remained at August’s 1.2% in September, staying within the Bank of Israel’s 1.0%–3.0% target range for the fourth consecutive month. Annual average inflation inched up to 0.6% in September from 0.5% in August.

Lastly, core inflation—which excludes volatile energy prices—remained at August’s 0.9% in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2018, which is unchanged from last month’s forecast. For 2019, our panel sees inflation averaging 1.4%.


Author:, Economist

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Israel Inflation Chart


Israel Inflation September 2018

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


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