Inflation in Israel

Israel Inflation | Economic News & Forecasts

Israel - Inflation

Consumer prices register greatest decline since March 2004 in May

Consumer prices dropped 0.3% over the previous month in May, matching the 0.3% fall recorded in April. May's result marked the sharpest fall in prices since January. The reading was largely due to plunging prices for food. Meanwhile, price pressures for transportation and communication declined at a more moderate rate.

Consumer prices dropped 1.6% on an annual basis in May, a larger fall compared to April’s 0.6% drop. May's result represented the largest fall in consumer prices since March 2004. Annual average inflation fell to 0.1% in May (April: 0.4%). Core consumer prices fell 0.6% in May.

Price pressures are seen staying subdued on weak activity, and the recent appreciation of the shekel—if maintained—poses further a downside risk to prices.

FocusEconomics panelists see consumer prices declining 0.2% in annual terms in 2020, which is down 0.1 percentage points from last month’s forecast. Our panelists see inflation of 1.0% in 2021.

Israel - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.6  -0.5  0.2  0.8  0.8  

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Israel Inflation Chart

Israel Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bureau of Statistics and FocusEconomics calculations.

Israel Facts

Value Change Date
Bond Yield0.98-1.69 %Jan 01
Exchange Rate3.46-0.37 %Dec 31

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