The annual inflation rate in Israel came in at 1.3 percent in April 2019, little-changed from 1.4 percent in the previous month and below market expectations of 1.5 percent. Main upward pressure came from housing (2.2 percent vs 2.6 percent), transport & communication (0.6 percent vs -0.3 percent), vegetables and fruits (15.4 percent vs 19.1 percent), other food (0.6 percent vs 1.4 percent), education, culture and entertainment (1.1 percent vs 0.2 percent), and dwelling maintenance (1.9 percent vs 2.1 percent). On a monthly basis, consumer prices rose 0.3 percent in April, easing from a 0.5 percent increase in March. Inflation Rate in Israel averaged 28.92 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 1.20 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 1.40 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.