Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Israel
Consumer price inflation in Israel averaged 0.8% in the ten years to 2022, below the regional average of 5.4% in the Middle East & North Africa. The 2022 average figure was 4.4%. For more inflation information, visit our dedicated page.
Israel Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Israel from 2014 to 2023.
Source: Macrobond.
Israel Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.8 | -0.6 | 1.5 | 4.4 | 4.2 |
| Inflation (CPI, ann. var. %, eop) | 0.6 | -0.7 | 2.8 | 5.3 | 3.0 |
| Inflation (WPI, ann. var. %, eop) | -1.2 | -4.3 | 11.0 | 9.0 | 0.3 |
Inflation comes in at highest level since December 2023 in June
Inflation came in at 2.9% in June, up from May’s 2.8%. June's figure was the highest inflation rate since December 2023, but was still just within the Bank of Israel’s 1.0–3.0% target range. The uptick was driven by a notably softer fall in clothing prices, and higher price pressures for education. Annual average inflation fell to 3.1% in June (May: 3.2%). Meanwhile, core inflation rose to 2.7% in June from the previous month's 2.4%. Lastly, consumer prices rose 0.09% from the previous month in June, which was below May's 0.19% rise.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Israeli inflation projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Israeli inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Israeli inflation projections.
Want to get access to the full dataset of Israeli inflation forecasts? Send an email to info@focus-economics.com.
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