Latest reading: Inflation came in at 1.7% in July, unchanged from June’s figure and in line with the Central Bank’s...
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 22 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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Peru: Inflation remains steady in July -
Poland: Inflation falls within target in July Latest reading: Inflation fell to 3.1% in July from June’s 4.1%, coming in within the Central Bank’s 1.5–3.5% target range... -
Kazakhstan: Inflation holds steady in July Latest reading: Inflation remained at June’s 11.8% in July, marking the joint-highest rate since August 2023. As a result, inflation... -
Australia: Inflation declines to lowest level since March 2021 in June Latest reading: Inflation edged down to 1.9% in June, which followed May’s 2.1%. June’s reading represented the weakest inflation rate... -
Kuwait: Inflation increases in June Latest reading: Inflation came in at 2.3% in June, which was up from May’s 2.2%. The reading was driven by... -
South Africa: Inflation rises less than expected in June Latest reading: Inflation rose to the lower bound of the South African Reserve Bank (SARB)’s 3.0–6.0% target band in June,... -
Malaysia: Inflation drops to lowest level since February 2021 in June Latest reading: Inflation dipped to 1.1% in June, down from May’s 1.2% and representing the lowest inflation rate in over...