Annual inflation rate in Israel came in at 1.2 percent in October of 2018, the same as in each of the previous two months and below market expectations of 1.1 percent. Prices rose faster for housing (2.2 percent from 1.8 percent in September) and education, culture & entertainment (0.8 percent from 0.2 percent). On the other hand, cost slowed for transport & communication (1.5 percent from 2.2 percent); food (1.8 percent from 2.1 percent) and dwelling maintenance (1.3 percent from 1.4 percent). Meanwhile, prices rebounded for miscellaneous goods & services (0.1 percent from -0.2 percent) while cost continued to decline for health (-0.3 percent from -0.1 percent); furniture & household equipment (-1.6 percent from -2.4 percent) and clothing & footwear (-2.1 percent from -3.9 percent). On a monthly basis, consumer prices went up 0.3 percent, following a 0.1 percent gain in the September. Inflation Rate in Israel averaged 29.13 percent from 1952 until 2018, 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.
Inflation Rate in Israel is expected to be 0.80 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 1.70 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.