Inflation in Israel

Israel Inflation | Economic News & Forecasts

Israel - Inflation

Inflation comes in at highest level since October 2008 in July

Consumer prices rose 1.13% in July over the previous month, picking up from June's 0.38% rise. July's result was the sharpest increase in prices since July 2008. The pick-up was broad-based, with greater price pressures recorded for food, transportation and communication, and education, culture and entertainment.

Inflation increased to 5.2% in July from June’s 4.4%. July's figure marked the highest inflation rate since October 2008. Annual average inflation rose to 3.3% in July (June: 3.1%). Finally, core inflation rose to 4.5% in July, from the previous month's 3.9%. That said, price pressures remain mild relative to most other developed economies due to a limited reliance on energy imports.

FocusEconomics panelists see consumer prices rising 4.0% in annual terms during 2022, which is up 0.3 percentage points from last month’s forecast. Our panelists see inflation of 2.7% in 2023.

Israel - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.6  -0.5  0.2  0.8  0.8  

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Israel Inflation Chart

Israel Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bureau of Statistics and FocusEconomics calculations.

Israel Facts

Value Change Date
Bond Yield0.98-1.69 %Jan 01
Exchange Rate3.46-0.37 %Dec 31

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