Israel Inflation December 2017

Israel: Inflation ticks higher in December, remains below BoI target

Consumer prices ticked up 0.1% on a monthly basis in December, contrasting November’s 0.3% decrease. December’s uptick, according to the Central Bureau of Statistics (CBS), was the result of higher prices for clothing and footwear, as well as higher transport prices.

Inflation rose to 0.4% in December (November: 0.3%), marginally beating market analysts’ expectations. Despite December’s acceleration, inflation still remained well below the Central Bank’s 1.0%–3.0% target range. Moreover, annual average inflation was stable from a month earlier at 0.2%—and, once again, the strongest reading in nearly three years.

Meanwhile, core inflation—which excludes energy—ticked down to 0.1% in December (November: 0.2%).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest