Prices of goods and services in Israel rose by 1.7 percent year-on-year in June of 2021, after a 1.5 percent gain in the previous month. It was the highest inflation since December 2013, which is in line with the annual government inflation target ranging from 1 percent to 3 percent. Prices accelerated for food (1.9 percent vs 0.3 percent in May), housing & utilities (1.0 percent vs 0.7 percent), education (3.8 percent vs 3.0 percent), furniture (2.6 percent vs 2.0 percent) and dwelling maintenance (0.8 percent vs 0.5 percent). Meanwhile, inflation slowed for transport (2.8 percent vs 4.0 percent) while cost fell further for clothing & footwear (-4.4 percent vs -2.3 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.4 gain in the prior month. source: Central Bureau of Statistics, Israel

Inflation Rate in Israel averaged 28.01 percent from 1952 until 2021, reaching an all time high of 486.23 percent in November of 1984 and a record low of -2.70 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 August of 2021.

Inflation Rate in Israel is expected to be 1.60 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 1.50 percent in 2022, according to our econometric models.

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Israel Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.50 486.23 -2.70 1952 - 2021 percent Monthly
2020=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-14 11:00 AM Mar 0.2% 0% -0.3%
2021-05-14 11:00 AM Apr 0.8% 0.2% 0.9% 0.6%
2021-06-15 03:30 PM May 1.5% 0.8% 1.0%
2021-07-15 03:30 PM Jun 1.7% 1.5% 1.7% 1.6%
2021-08-15 03:30 PM Jul 1.7% 1.7%
2021-09-15 03:30 PM Aug
2021-10-15 11:00 AM Sep
2021-11-15 03:30 PM Oct


News Stream
Israel Inflation Rate at 7-½-Year High
Prices of goods and services in Israel rose by 1.7 percent year-on-year in June of 2021, after a 1.5 percent gain in the previous month. It was the highest inflation since December 2013, which is in line with the annual government inflation target ranging from 1 percent to 3 percent. Prices accelerated for food (1.9 percent vs 0.3 percent in May), housing & utilities (1.0 percent vs 0.7 percent), education (3.8 percent vs 3.0 percent), furniture (2.6 percent vs 2.0 percent) and dwelling maintenance (0.8 percent vs 0.5 percent). Meanwhile, inflation slowed for transport (2.8 percent vs 4.0 percent) while cost fell further for clothing & footwear (-4.4 percent vs -2.3 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.4 gain in the prior month.
2021-07-15
Israel Inflation Rate at 2-Year High
Prices of goods and services in Israel rose by 1.5 percent year-on-year in May of 2021, after a 0.8 percent gain in the previous month. It was the highest inflation rate since May 2019, which is in line with the annual government inflation target ranging from 1 percent to 3 percent. Prices advanced faster for transport & communications (4.0 percent vs 3.4 percent), education, culture & entertainment (3.0 percent vs 2.0 percent), dwelling maintenance (0.5 percent vs 0.2 percent), miscellaneous (0.8 percent vs 0.5 percent) and rebounded for health (0.1 percent vs -0.6 percent). Also, prices dropped at a softer pace for food (-0.1 percent vs -0.8 percent) and clothing & footwear (-2.3 percent vs -3.9 percent). Meanwhile, housing prices dropped (-0.1 percent vs 0.5 percent). On a monthly basis, consumer prices went up by 0.4 percent , after a 0.3 percent rise in the previous month.
2021-06-15
Israel Inflation Rate at Over 2-Year High
Prices of goods and services in Israel went up by 0.8 percent year-on-year in April of 2021, after a 0.2 percent gain in previous month. It was the highest inflation rate since June of 2019, although below the annual government inflation target ranging from 1 percent to 3 percent. Prices advanced at a faster pace for transportation & communication (3.4 percent vs 0.2 percent in March); education, culture & entertainment (2.0 percent vs 1.6 percent); housing (0.5 percent vs 0.4 percent); and dwellings maintenance (0.2 percent vs -0.3 percent). In contrast, prices continued to fall for clothing & footwear (-3.9 percent vs -4.2 percent) and food (-0.8 percent vs -0.3 percent). On a monthly basis, consumer prices went up by 0.3 percent, following a 0.6 percent increase in the previous month.
2021-05-14
Israel Inflation Rate at Over 1-Year High
Prices of goods and services in Israel edged up 0.2 percent year-on-year in March of 2021, after being unchanged in the previous month. It was the first increase since March 2020, as the country’s leading position in the vaccination race allowed the economy to reopen in March. Prices advanced at a slightly faster pace for transports & communications (0.2 percent vs -0.3 percent in February); education (1.6 percent vs 0.7 percent); and furnishings (1.2 percent vs 0.9 percent); while housing-related charges increased at a slower pace (0.4 percent vs 0.7 percent) and deflation eased for clothing & footwear (-4.2 percent vs -5.6 percent). On a monthly basis, consumer prices went up by 0.6 percent, following a 0.3 percent increase in the previous month.
2021-04-14

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.