The annual inflation rate in Israel fell to 0.8 percent in December of 2018 from 1.2 percent in the previous month and below market expectations of 1 percent. It was the lowest inflation rate since May. On a monthly basis, consumer prices decreased 0.3 percent, the same as in November and slightly more than forecasts of a 0.2 percent drop. Inflation Rate in Israel averaged 29.06 percent from 1952 until 2018, 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 1.30 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.