Prices of goods and services in Israel decreased 0.7 percent year-on-year in December of 2020, following a 0.6 percent fall in November and in line with market expectations. It is the 9th consecutive month of deflation, dragged by a fall in cost of transport (-2.1 percent), food excluding fruits and vegetables (-0.6 percent) and real estate (-0.2 percent). On a monthly basis, consumer prices were down by 0.1%, following a 0.2% decrease in the previous month and below market expectations of a flat reading. source: Central Bureau of Statistics, Israel

Inflation Rate in Israel averaged 28.21 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 February of 2021.

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 1.00 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Israel Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -0.60 486.23 -2.74 1952 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-15 03:30 PM Sep -0.7% -0.8% -0.7% -0.5%
2020-11-15 04:30 PM Oct -0.8% -0.7% -0.7% -0.9%
2020-12-15 04:30 PM Nov -0.6% -0.8% -0.8%
2021-01-15 12:00 PM Dec -0.7% -0.6% -0.7% -0.7%
2021-02-15 04:30 PM Jan -0.7% -0.3%
2021-03-15 04:30 PM Feb -0.1%
2021-04-15 03:30 PM Mar
2021-05-14 11:00 AM Apr


News Stream
Deflation in Israel Deteriorates in December
Prices of goods and services in Israel decreased 0.7 percent year-on-year in December of 2020, following a 0.6 percent fall in November and in line with market expectations. It is the 9th consecutive month of deflation, dragged by a fall in cost of transport (-2.1 percent), food excluding fruits and vegetables (-0.6 percent) and real estate (-0.2 percent). On a monthly basis, consumer prices were down by 0.1%, following a 0.2% decrease in the previous month and below market expectations of a flat reading.
2021-01-15
Israel Consumer Prices Fall for 8th Month
Israel's consumer prices went down 0.6 percent year-on-year in November of 2020, following a 0.8 percent fall in the prior month. It was the eighth successive month of deflation, amid the ongoing COVID-19 pandemic. Prices fell less mostly for clothing & footwear (-4.3 percent vs -9.2 percent in October); transport and communication (-2.2 percent vs -3 percent); dwellings maintenance (-0.7 percent vs -0.8 percent) and health (-0.3 percent vs -0.6 percent). Inflation also slowed for housing (0.4 percent vs 0.8 percent) while food cost edged up (0.1 percent vs flat reading). On a monthly basis, consumer prices went down 0.2 percent, after increasing 0.3 percent in the prior month.
2020-12-15
Israel October CPI Falls More than Expected
Israel's consumer prices went down 0.8 percent year-on-year in October of 2020, following a 0.7 percent decrease in September and slightly above market consensus of a 0.7 percent fall. It was the seventh successive month of deflation, amid the ongoing pandemic crisis. Prices continued to decline for clothing & footwear (-9.2 percent vs -6.3 percent in September); transport & communication (-3 percent vs -2.7 percent); dwellings maintenance (-0.8 percent vs -0.2 percent); furniture and household equipment (-0.7 percent vs -1.1 percent) and health (-0.6 percent vs -0.5 percent). On the other hand, cost was flat for food (vs 0.1 percent in September) while inflation remained steady for housing (at 0.8 percent). On a monthly basis, consumer prices rose 0.3 percent, after dropping 0.1 percent in the prior month and slightly below market expectations of a 0.4 percent increase.
2020-11-15
Israel Consumer Prices Fall for 6th Month
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.
2020-10-15

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.