Inflation in Israel

Israel Inflation | Economic News & Forecasts

Israel - Inflation

Inflation drops in October

Consumer prices rose 0.10% in October over the previous month, coming in below September's 0.20% increase. October's result marked the weakest reading since January. Looking at the details of the release, prices for food rose in October. However, prices for transportation and communication dropped after growing in the previous month.

Inflation inched down to 2.3% in October, from September’s 2.5%, still within the Central Bank’s 1.0%–3.0% target range. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.0% in October (September: 0.7%). Lastly, core inflation fell to 2.1% in October, from September’s 2.3%.

FocusEconomics panelists see consumer prices rising 1.4% in annual terms in 2022, which is unchanged from last month’s forecast. Our panelists see inflation of 1.2% in 2023.

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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