Inflation in Israel
Israel - Inflation
Inflation remains within the Central Bank’s target range in November
Consumer prices fell 0.3% over the previous month in November, contrasting October’s 0.3% increase. The price decrease was driven by lower prices for all but two subcategories. Fresh vegetables and clothing prices increased but the affects were negated by cheaper prices elsewhere.
Inflation was stable at 1.2% in November, remaining within the Bank of Israel’s 1.0%–3.0% target range for the sixth consecutive month. Annual average inflation edged up from 0.7% in October to 0.8% in November.
Lastly, core inflation—which excludes volatile energy prices—was also stable at October’s 1.0% in November.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees inflation averaging 1.5%.
Israel - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.5||0.5||-0.6||-0.5||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Israel Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||2.26||-1.69 %||Jan 16|
|Exchange Rate||3.68||-0.37 %||Jan 16|
|Stock Market||1,369||-0.91 %||Jan 16|
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January 7, 2019
On 24 December, Prime Minister Benjamin Netanyahu called a snap election, scheduled to be held on 9 April, amid accumulating political pressure and calls for his resignation over corruption charges.
January 7, 2019
At the first Monetary Committee meeting under the governorship of Amir Yaron on 7 January, the Bank of Israel held fire and kept the policy rate at 0.25% after it had raised the interest rate by 15 basis points in November.
December 23, 2018
The Bank of Israel’s Composite State of the Economy Index increased 0.32% over the prior month in November, up from an upwardly revised 0.30% in October (previously reported: +0.26% month-on-month).
December 19, 2018
In November, the Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA) rose to 53.7 in November from 52.7 in October.
December 14, 2018
Consumer prices fell 0.3% over the previous month in November, contrasting October’s 0.3% increase.