Inflation in Israel

Israel Inflation | Economic News & Forecasts

Israel - Inflation

Consumer prices fall at softer pace on an annual basis in July

Consumer prices increased 0.20% in July over the previous month, following June's 0.10% fall. July's reading marked the sharpest increase in prices since March. The figure was primarily due to rising prices for food. In addition, price pressures for education, culture and entertainment rebounded.

Consumer prices declined 0.6% year-on-year in July, a less pronounced drop compared to June’s 1.1% fall. Meanwhile, the trend pointed down slightly, coming in at minus 0.1% in July (June: 0.0%). Lastly, core consumer prices fell 0.1% on an annual basis in July, which was a smaller fall compared to June's 0.4% decrease.

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

FocusEconomics panelists see consumer prices declining 0.4% in annual terms in 2020, which is down 0.2 percentage points from last month’s forecast. Our panelists see inflation of 0.9% 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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