Inflation in Israel
Israel - Inflation
Inflationary pressures are stable in February
Consumer prices increased 0.1% month-on-month in February, contrasting January’s 0.1% price drop. The print reflected significantly pricier fresh fruit while furniture and household equipment also become more expensive. On the other hand, a marked drop in the price level of clothing and footwear limited the overall consumer price index increase.
Inflation, meanwhile, was stable at January’s 1.2% in February, remaining within the Bank of Israel’s 1.0%–3.0% target range for the second month running. Annual average inflation edged up to 1.0% in February from 0.9% in the previous month. Lastly, core inflation, which excludes volatile energy prices, rose to 1.5% in February from 1.4% in January.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees inflation averaging 1.5%.
Israel - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.5||0.5||-0.6||-0.5||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Israel Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||2.11||-1.69 %||Mar 20|
|Exchange Rate||3.61||-0.37 %||Mar 20|
|Stock Market||1,419||-0.91 %||Mar 20|
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March 20, 2019
Business activity in Israel’s manufacturing sector continued to decrease in February, albeit at a softer pace than in January.
March 19, 2019
Exports swung to an 11.1% expansion in year-on-year USD terms in February, contrasting January’s 9.6% drop.
March 15, 2019
Consumer prices increased 0.1% month-on-month in February, contrasting January’s 0.1% price drop.
March 14, 2019
Israeli consumer confidence was stable at minus 10 in February.
February 26, 2019
At its 25 February meeting, the Monetary Committee of the Bank of Israel kept the interest rate unchanged at 0.25%, as widely expected by market analysts.