Inflation in Israel

Israel Inflation | Economic News & Forecasts

Israel - Inflation

Inflation plummets in June

Consumer prices fell 0.6% in June over the prior month, contrasting May’s 0.7% increase, amid lower prices for fresh fruit and vegetables, and clothing and footwear.

Inflation fell sharply to 0.8% in June from 1.5% in May, dropping below the Bank of Israel’s 1.0%–3.0% target range and marking the lowest reading since December last year. June’s figure was notably below market expectations of 1.2%. Core inflation, which excludes volatile energy prices, declined from 1.5% to 1.1%. While the drop in inflation was partly down to a tough base effect, a stronger shekel likely also played a role. June’s figure could give the Central Bank pause for thought when considering potential monetary tightening in the quarters ahead.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2019 and 1.4% in 2020.

Israel - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.5  0.5  -0.6  -0.5  0.2  

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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

Bond Yield1.34-1.69 %Jul 31
Exchange Rate3.50-0.37 %Jul 31
Stock Market1,514-0.91 %Jul 31

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