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.