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. Inflation Rate in Israel averaged 28.85 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 1.30 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 1.50 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.