Latest reading: Inflation climbed to 11.8% in June from May’s 11.3%, marking the joint-highest rate since August 2023. The reading...
Inflation in Israel
Consumer price inflation in Israel averaged 0.5% in the ten years to 2024, in line with the Middle East & North Africa regional average of 0.5%. The 2024 average figure was 3.1%. For more information on inflation, visit our dedicated page
Israel Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Israel from 2024 to 2023.
Source: Macrobond.
Israel Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -0.6 | 1.5 | 4.4 | 4.2 | 3.1 |
| Inflation (CPI, ann. var. %, eop) | -0.7 | 2.8 | 5.3 | 3.0 | 3.2 |
| Inflation (WPI, ann. var. %, eop) | -4.3 | 11.0 | 9.0 | 0.3 | -0.8 |
Inflation rises in April
Latest reading: Inflation ticked up to 3.6% in April, above March’s 3.3%, market expectations, and the Bank of Israel’s 1.0–3.0% target range. Looking at the details of the release, education, culture and entertainment plus transport and communications prices rose at a quicker pace in April compared to the previous month. Annual average inflation rose to 3.4% in April (March: 3.3%). Meanwhile, core inflation rose to 3.9% in April from March’s 3.4%. Finally, consumer prices increased 1.08% from the previous month in April, picking up from March's 0.49% rise. April's figure marked the highest reading since July 2022.
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 22 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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