Prices of goods and services in Israel were unchanged year-on-year in February of 2021, rising from a 0.4 percent decline in January of 2021 and beating market expectations of a 0.2 percent decrease. Prices advanced at a slightly faster pace for food & non-alcoholic beverages (0.3 percent vs 0.2 percent in January) and housing (0.7 percent vs 0.5 percent). Meantime, deflation eased for transports & communications (-0.3 percent vs -1.5 percent); clothing & footwear (-5.6 percent vs -9.0 percent); and health (-0.5 percent vs -0.6 percent). On a monthly basis, consumer prices went up by 0.3 percent, following a 0.1 percent decrease in the previous month and compared to market consensus of a 0.1 percent growth. source: Central Bureau of Statistics, Israel
Inflation Rate in Israel averaged 28.14 percent from 1952 until 2021, 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. 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 April of 2021.
Inflation Rate in Israel is expected to be 0.90 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.