Latest reading: Inflation inched up to 0.2% in July, slightly above June’s 0.1% and market expectations of 0.1%. Prices rose...
Inflation in Israel
Consumer price inflation in Israel averaged 1.3% in the ten years to 2024, in line with the Middle East & North Africa regional average of 5.9%. 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 increases in June
Latest reading: Inflation came in at 3.3% in June, which was up from May’s 3.1% and beat market expectations. The bounce-back in price pressures was largely due to increasing price pressures for food. In addition, prices for transportation and communication grew at a faster pace. The trend was unchanged, with annual average inflation coming in at May's 3.4% in June. Meanwhile, core inflation ticked up to 3.5% in June from May’s 3.4%. Lastly, consumer prices rose 0.29% in June over the previous month, swinging from the 0.29% fall recorded in May.
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 21 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.
Latest Global Inflation News
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Switzerland: Inflation remains minimal in July -
United States: Inflation holds steady in July Latest reading: Inflation came in at 2.7% in July, matching June’s figure and below market expectations. Price pressures increased for... -
India: Inflation decelerates for ninth month in July Latest reading: Inflation fell for the ninth month running in July and hit a just-over eight-year low of 1.6%, down... -
China: Consumer prices are unchanged year on year in July Latest reading: Consumer prices were flat year-on-year in July, which followed June’s 0.1% increase. Higher prices for food, clothing, healthcare... -
Taiwan: Inflation increases in July but remains mild Latest reading: Inflation ticked up to 1.5% in July from June’s 1.4%. The reading was driven by rising price pressures... -
Denmark: Inflation reaches near two-year high in July Latest reading: Inflation increased to 2.3% in July, following June’s 1.9%. July’s result marked the highest inflation rate since August... -
Thailand: Consumer prices record biggest drop since February 2024 in July Latest reading: Consumer prices declined 0.7% in annual terms in July, a larger drop compared to June’s 0.2% year-on-year decrease...