Israel Inflation January 2017


Israel: Inflation returns for first time since July 2014

February 15, 2017

Consumer prices in Israel declined in January compared to the previous month, which was below the 0.2% drop recorded in December.

Inflation came in at 0.1% in January, which contrasted December’s 0.2% decline and overshot analysts’ expectation of zero annual change in prices. It marked the first time since July 2014 that the annual change in consumer prices recorded a positive value. The annual average variation in consumer prices was minus 0.5% in January, matching December’s figure.

Finally, core consumer prices, which exclude volatile items such as oil and vegetables, decreased 0.2% on an annual basis in January, mirroring December’s figure.

FocusEconomics Consensus Forecast panelists expect inflation of 0.9% in 2017, which is up 0.1 percentage points from the previous month’s forecast. For 2018, the panel expects inflation to average 1.6%.

Author: Marlène Rump, Senior Data Analyst

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Israel Inflation Chart

Israel Inflation January 2017

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

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