Annual inflation rate in Israel increased to 0.6 percent in December of 2019 from 0.3 percent in the previous month, but below market expectations of a 0.7 percent rise. Prices advanced faster for housing (2.1 percent vs 1.5 percent in November) and education, culture & entertainment (1.3 percent vs 1.1 percent) while transport and communication cost dropped less (-0.2 percent vs -1.3 percent). On the other hand, prices slowed for food (0.4 percent vs 1.1 percent) and dwellings maintenance (1.8 percent vs 1.9 percent) while cost continued to fall for furnishings (-2.5 percent vs -2.2 percent) and clothing & footwear (-5.5 percent vs -3.7 percent). On a monthly basis, consumer prices showed no growth, after a 0.4 percent drop in the prior month and compared with market estimates of a 0.1 percent gain. Inflation Rate in Israel averaged 28.64 percent from 1952 until 2019, reaching an all time high of 486.23 percent in November of 1984 and a record low of -2.74 percent in March of 2004.

Inflation Rate in Israel is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Israel to stand at 1.30 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.

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Israel Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.30 486.23 -2.74 1952 - 2019 percent Monthly
2012=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 03:30 PM Sep 0.3% 0.6% 0.4% 0.6%
2019-11-15 12:00 PM Oct 0.4% 0.3% 0.5% 0.2%
2019-12-15 04:30 PM Nov 0.3% 0.4% 0.4% 0.6%
2020-01-15 04:30 PM Dec 0.6% 0.3% 0.7% 0.7%
2020-02-14 03:30 PM Jan 0.6% 0.8%


News Stream
2019-12-15
Israel November Inflation Rate Drops to 0.3%
Annual inflation rate edged down to 0.3 percent in November 2019 from 0.4 percent in October while markets expected it to remain steady, as prices fell at a faster pace for transport and communication (-1.3 percent vs -0.9 percent); clothing & footwear (-3.7 percent vs -0.4 percent) and furnishings (-2.2 percent vs -2.1 percent). In contrast, cost continued to advance for housing (1.5 percent vs 1.3 percent); dwellings maintenance (1.9 percent vs 1.8 percent); food (1.1 percent vs 1.0 percent) and education, culture & entertainment (1.1 percent vs 0.5 percent).On a monthly basis, consumer prices decreased 0.4 percent, following a 0.4 percent rise in the prior month and compared with market estimates of a 0.3 percent drop.

2019-11-15
Israel Inflation Rate Rises to 0.4% in October
Annual inflation rate in Israel increased to 0.4 percent in October of 2019 from 0.4 percent in the previous month but below market expectations of 0.5 percent. Cost advanced faster for food (1.0 percent vs 0.2 percent in September) and dwellings maintenance (1.8 percent vs 1.7 percent) while transport and communication cost declined at a softer pace (-0.9 percent vs -1.7 percent). On the other hand, prices slowed for housing (1.3 percent vs 1.8 percent) and education, culture & entertainment (0.5 percent vs 1.5 percent) while cost dropped for miscellaneous goods & services (-0.9 percent vs -0.5 percent); furniture & household equipment (-2.1 percent vs -1.7 percent) and clothing & footwear (-0.4 percent vs 0.6 percent). On a monthly basis, consumer prices rose 0.4 percent, after decreasing 0.2 percent in September.

2019-10-15
Israel Inflation Rate at 1-1/2-Year Low of 0.3%
Annual inflation rate in Israel dropped to 0.3 percent in September 2019 from 0.6 percent in the prior month, slightly below market expectations of 0.4 percent. This is the lowest inflation rate since March last year, as prices slowed mostly for housing (1.8 percent vs 2.2 percent in August); food (0.2 percent vs 1.1 percent) and dwellings maintenance (1.7 percent vs 1.9 percent). In addition, cost declined for transport & communication (-1.7 percent vs -1.5 percent); miscellaneous goods & services (-0.5 percent vs -0.4 percent) and furniture & household equipment (-1.7 percent vs -2 percent). Conversely, prices advanced faster for education, culture & entertainment (1.5 percent vs 1.3 percent) and rebounded for clothing & footwear (0.6 percent vs -0.2 percent). On a monthly basis, consumer prices went down 0.2 percent, after increasing 0.2 percent in August and matching market consensus.

2019-09-15
Israel Inflation Rate Rises to 0.6% in August
Annual inflation rate in Israel increased to 0.6 percent in August 2019 from 0.5 percent in the previous month, in line with market expectations. Cost rebounded for food (1.1 percent vs -0.1 percent in July) and prices continued to increase for housing (2.2 percent, the same as in July); education, culture & entertainment (1.3 percent, the same as in July); dwelling maintenance (1.9 percent vs 2 percent) and health (0.2 percent vs 0.3 percent). On the other hand, cost fell for clothing & footwear (-0.2 percent vs -0.7 percent); transport & communication (-1.5 percent vs -1.1 percent); miscellaneous goods & services (-0.4 percent vs 0.1 percent) and furniture & household equipment (-2 percent, the same as in July). On a monthly basis, consumer prices went up 0.2 percent, recovering from a 0.3 percent fall in July.

2019-08-15
Israel Inflation Rate at Over 1-Year Low of 0.5%
The annual inflation rate in Israel fell to 0.5 percent in July 2019 from 0.8 percent in the previous month while markets had expected it to remain steady. It was the lowest inflation rate since May last year, amid drops in prices of food (-0.1 percent vs 1.1 percent in June) and transport & communication (-1.1 percent vs -0.1 percent). Meanwhile, cost rose faster for housing (2.2 percent vs 1.8 percent) and dwelling maintenance (2.2 percent vs 1.9 percent). On a monthly basis, consumer prices edged down 0.3 percent, following a 0.6 percent decrease in the prior month and in line with market expectations.

2019-07-15
Israel Inflation Rate at 6-Month Low of 0.8%
The annual inflation rate in Israel decreased to 0.8 percent in June of 2019 from 1.5 percent in the previous month. It was the lowest inflation rate since December of 2018, as cost slowed for housing (1.8 percent vs 2.2 percent in May); dwelling maintenance (1.9 percent vs 2.1 percent ) and other food (1.4 percent vs 1.8 percent) while prices declined for transport & communications (-0.1 percent vs 0.9 percent) and vegetables & fruits (-0.6 percent vs 11.4 percent). On the other hand, cost advanced faster for education, culture & entertainment (1.3 percent vs 0.9 percent) while it rebounded for health (0.2 percent vs -0.3 percent). On a monthly basis, consumer prices fell 0.6 percent, after a 0.7 percent rise in May.


Israel Inflation Rate
In Israel, the most important categories in the consumer price index are Housing (25.2 percent of the total weight) and Transport and Communication (20.6 percent). Food accounts for 16.5 percent; Education, Culture and Entertainment for 11.7 percent and Dwelling Maintenance for 9.7 percent. Others include: Health (5.2 percent); Miscellaneous Goods and Services (4.3 percent); Furniture and Household Equipment (3.7 percent) and Clothing and Footwear (3.1 percent). The national index has a base of 100 as of 2012.

Israel Prices Last Previous Highest Lowest Unit
Inflation Rate 0.60 0.30 486.23 -2.74 percent [+]
Consumer Price Index CPI 100.80 100.80 101.70 0.00 points [+]
Core Consumer Prices 100.90 101.00 101.70 82.64 points [+]
Core Inflation Rate 0.50 0.60 5.22 -0.70 percent [+]
GDP Deflator 105.52 105.19 105.52 61.25 points [+]
Producer Prices 92.20 92.20 102.90 26.92 points [+]
Export Prices 100.50 101.90 116.70 66.90 points [+]
Import Prices 102.50 105.40 115.81 66.10 points [+]
Inflation Expectations 0.90 0.80 13.10 -1.70 percent [+]
Inflation Rate Mom 0.00 -0.40 27.50 -4.80 percent [+]
Food Inflation 0.40 1.10 496.60 -3.60 percent [+]
CPI Housing Utilities 103.30 102.70 103.30 0.18 points [+]
CPI Transportation 98.50 98.10 110.21 0.35 points [+]