Inflation in Israel
Israel - Inflation
Inflationary pressures are stable in February
Consumer prices increased 0.1% month-on-month in February, contrasting January’s 0.1% price drop. The print reflected significantly pricier fresh fruit while furniture and household equipment also become more expensive. On the other hand, a marked drop in the price level of clothing and footwear limited the overall consumer price index increase.
Inflation, meanwhile, was stable at January’s 1.2% in February, remaining within the Bank of Israel’s 1.0%–3.0% target range for the second month running. Annual average inflation edged up to 1.0% in February from 0.9% in the previous month. Lastly, core inflation, which excludes volatile energy prices, rose to 1.5% in February from 1.4% in January.
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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.5 | 0.5 | -0.6 | -0.5 | 0.2 |
Israel Inflation Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
Israel Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.11 | -1.69 % | Mar 20 |
| Exchange Rate | 3.61 | -0.37 % | Mar 20 |
| Stock Market | 1,419 | -0.91 % | Mar 20 |
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Economic News
Israel: Business activity in manufacturing sectors continues to fall in February
March 20, 2019
Business activity in Israel’s manufacturing sector continued to decrease in February, albeit at a softer pace than in January.
Israel: Trade deficit narrows on a rebound in exports and drop in imports
March 19, 2019
Exports swung to an 11.1% expansion in year-on-year USD terms in February, contrasting January’s 9.6% drop.
Israel: Inflationary pressures are stable in February
March 15, 2019
Consumer prices increased 0.1% month-on-month in February, contrasting January’s 0.1% price drop.
Israel: Business confidence rises in February while consumer sentiment is stable
March 14, 2019
Israeli consumer confidence was stable at minus 10 in February.
Israel: Central Bank stands pat in February
February 26, 2019
At its 25 February meeting, the Monetary Committee of the Bank of Israel kept the interest rate unchanged at 0.25%, as widely expected by market analysts.
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