Israel's consumer prices decreased 0.7 percent year-on-year in September of 2020, following a 0.8 percent fall in the previous month and matching market expectations. It was the sixth consecutive month of deflation, amid the ongoing pandemic crisis. Prices continued to decline for clothing & footwear (-6.3 percent vs -5.9 percent in August); transport & communication (-2.7 percent vs -3.6 percent); education, culture and entertainment (-0.7 percent vs -0.8 percent) and furnishings (-1.1 percent, the same pace as in August). Meantime, food cost slowed slightly (0.1 percent vs 0.2 percent) but housing prices advanced further (0.8 percent vs 0.7 percent). On a monthly basis, consumer prices dropped 0.1 percent, after being flat in the previous month, and in line with market expectations.
Inflation Rate in Israel averaged 28.32 percent from 1952 until 2020, 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. This page provides the latest reported value for - Israel Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Inflation Rate in Israel is expected to be 0.20 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 1.10 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 1.00 percent in 2021 and 1.50 percent in 2022, according to our econometric models.