Israel Inflation November 2021

Israel

Israel: Inflation rises in November

December 15, 2021

Consumer prices fell 0.10% in November over the previous month, swinging from the 0.10% rise recorded in October. November's result marked the weakest reading since January. The figure was primarily due to dropping prices for food. In addition, price pressures for education, culture and entertainment dropped after growing in the previous month. Finally, prices for clothing and footwear also dropped.

Inflation came in at 2.4% in November, up from October’s 2.3% but within the Central Bank’s 1.0%–3.0% target range. Annual average inflation rose to 1.2% in November (October: 1.0%). Lastly, core inflation edged down to 2.0% in November, from the previous month's 2.1%.

FocusEconomics panelists see consumer prices rising 1.6% in annual terms in 2022, which is up 0.2 percentage points from last month’s forecast. Our panelists see inflation of 1.2% in 2023.


Author:, Economist

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Israel Inflation Chart


Israel Inflation November 2021

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


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