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.

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Israel Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -0.80 486.23 -2.74 1952 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 03:30 PM Jun -1.1% -1.6% -0.8%
2020-08-14 11:00 AM Jul -0.6% -1.1% -0.7% -0.8%
2020-09-15 03:30 PM Aug -0.8% -0.6% -0.6% -0.5%
2020-10-15 03:30 PM Sep -0.7% -0.8% -0.7% -0.5%
2020-11-15 03:30 PM Oct -0.7%
2020-12-15 03:30 PM Nov


News Stream
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 Consumer Prices Fall More than Expected
Israel's consumer prices went down 0.8 percent year-on-year in August of 2020, following a 0.6 percent fall in the prior month and compared with market expectations of a 0.6 percent decrease. It was the fifth consecutive month of deflation, amid the pandemic crisis. Main downward pressure came prices of clothing & footwear (-5.9 percent vs -1.3 percent in July); transport & communication (-3.6 percent vs -3.9 percent); education, culture and entertainment (-0.8 percent vs -0.5 percent) and furnishings (-1.1 percent vs -1.3 percent). Costs also slowed for housing (0.7 percent vs 1.2 percent) and food (0.2 percent vs 0.8 percent). On a monthly basis, consumer prices were flat, after increasing 0.2 percent in the prior month and against market consensus of a 0.2 percent rise.
2020-09-15
Israel Consumer Prices Fall Less than Expected in July
Israel's consumer prices fell 0.6 percent year-on-year in July 2020, following a 1.1 percent drop in the previous month and compared with market expectations of a 0.7 percent decrease. It was the fourth consecutive decline in consumer prices, amid the coronavirus pandemic. Cost decreased less for transport & communication (-3.9 percent vs -5.1 percent in June); clothing & footwear (-1.3 percent vs -5.3 percent); miscellaneous goods & services (-0.9 percent vs -1 percent); furnishings & household equipment (-1.3 percent vs -1.5 percent); health (-0.4 percent vs -1.1 percent); and education (-0.5 percent vs -1.1 percent). Additionally, cost rose further for food (0.8 percent vs 0.2 percent); and housing (1.2 percent vs 1.4 percent). On a monthly basis, consumer prices went up 0.2 percent, rebounding from a 0.1 percent fall in the prior month.
2020-08-14
Israel Consumer Prices Fall for 3rd Month
Israel's consumer prices decreased 1.1 percent from a year earlier in June of 2020, after falling 1.6 percent in the previous month. It was the third consecutive month of drops in consumer prices, prompted by the coronavirus crisis. Main downward pressure came from prices of transport & communication (-5.1 percent vs -6.6 percent in May); clothing & footwear (-5.3 percent vs -10.5 percent) and miscellaneous goods & services (-1 percent vs -1.2 percent). In addition, cost slowed for housing (1.4 percent vs 1.6 percent). Meanwhile, prices rebounded slightly for food (0.2 percent vs -0.2 percent). On a monthly basis, consumer prices edged down 0.1 percent, after dropping 0.3 percent in the preceding month.
2020-07-15

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.