Inflation in Israel
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
|Inflation Rate (CPI, annual variation in %)||-0.6||-0.5||0.2||0.8||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Israel Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 25, 2021
The Bank of Israel’s Composite State of the Economy Index grew 0.25% month-on-month in seasonally-adjusted terms in October (September: 0.05% mom).
November 22, 2021
The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA, came in at 55.4 in October, down from September's 58.1.
November 22, 2021
At its 22 November meeting, the Bank of Israel (BoI) left the policy rate at 0.10%.
November 16, 2021
GDP growth waned to 2.4% in seasonally-adjusted annualized rate terms (SAAR) in the third quarter, from 13.7% in the second quarter.
November 15, 2021
Consumer prices rose 0.10% in October over the previous month, coming in below September's 0.20% increase.