Israel’s annual inflation rate rose to 5.2 percent in July of 2022 from 4.4 percent in the prior month, compared with market expectations of 4.6 percent. It was the highest reading since October of 2008, as prices rose at a faster rate for housing (5.0 percent vs. 4.2 percent in June), transport & communication (11.3 percent vs. 9.6 percent), food (4.6 percent vs. 4.0 percent) and education, culture, and entertainment (3.3 percent vs. 3.1 percent). Monthly, consumer prices rose by 1.1 percent, accelerating from a 0.4 percent increase in the prior period and slightly above expectations of a 0.7 percent advance. source: Central Bureau of Statistics, Israel
Inflation Rate in Israel averaged 27.63 percent from 1952 until 2022, 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 2022.
Inflation Rate in Israel is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Inflation Rate is projected to trend around 2.90 percent in 2023 and 2.00 percent in 2024, according to our econometric models.