Inflation in Israel
Israel - Inflation
Inflation plummets in June
Consumer prices fell 0.6% in June over the prior month, contrasting May’s 0.7% increase, amid lower prices for fresh fruit and vegetables, and clothing and footwear.
Inflation fell sharply to 0.8% in June from 1.5% in May, dropping below the Bank of Israel’s 1.0%–3.0% target range and marking the lowest reading since December last year. June’s figure was notably below market expectations of 1.2%. Core inflation, which excludes volatile energy prices, declined from 1.5% to 1.1%. While the drop in inflation was partly down to a tough base effect, a stronger shekel likely also played a role. June’s figure could give the Central Bank pause for thought when considering potential monetary tightening in the quarters ahead.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2019 and 1.4% in 2020.
Israel - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.5 | 0.5 | -0.6 | -0.5 | 0.2 |
Israel Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
Israel Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.34 | -1.69 % | Jul 31 |
| Exchange Rate | 3.50 | -0.37 % | Jul 31 |
| Stock Market | 1,514 | -0.91 % | Jul 31 |
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Economic News
Israel: Economic activity picks up in June after May’s lull
July 23, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.23% in June, up from May’s revised 0.14% increase (previously reported: +0.13% month-on-month).
Israel: Manufacturing PMI picks up in June
July 21, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 50.4 in May to 52.7 in June, moving further above the neutral 50-point mark separating expansion from contraction in the manufacturing sector. The change in the headline figure was driven by stronger domestic demand, while export orders continued to shrink.
Israel: Inflation plummets in June
July 15, 2019
Consumer prices fell 0.6% in June over the prior month, contrasting May’s 0.7% increase, amid lower prices for fresh fruit and vegetables, and clothing and footwear.
Israel: Exports and imports drop in June
July 11, 2019
Merchandise exports contracted 8.3% year-on-year in June in USD terms, coming after May’s revised 13.4% decline (previously reported: -8.5% yoy), and against a backdrop of elevated trade tensions and waning global momentum.
Israel: Consumer sentiment worsens markedly in June; business sentiment picks up
July 10, 2019
Confidence among Israeli households worsened from minus 9 in May to minus 14 in June.
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