Israel's consumer prices decreased 1.1 percent from a year earlier in June of 2020, after falling 1.6 percent in the previous month. It was the third consecutive month of drops in consumer prices, prompted by the coronavirus crisis. Main downward pressure came from prices of transport & communication (-5.1 percent vs -6.6 percent in May); clothing & footwear (-5.3 percent vs -10.5 percent) and miscellaneous goods & services (-1 percent vs -1.2 percent). In addition, cost slowed for housing (1.4 percent vs 1.6 percent). Meanwhile, prices rebounded slightly for food (0.2 percent vs -0.2 percent). On a monthly basis, consumer prices edged down 0.1 percent, after dropping 0.3 percent in the preceding month.

Inflation Rate in Israel averaged 28.42 percent from 1952 until 2020, 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 August of 2020.

Inflation Rate in Israel is expected to be 1.10 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 0.90 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 1.80 percent in 2021, according to our econometric models.

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Israel Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -1.60 486.23 -2.74 1952 - 2020 percent Monthly
2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 11:00 AM Mar 0% 0.1% -0.1% -0.4%
2020-05-15 11:00 AM Apr -0.6% 0% -0.8% -0.5%
2020-06-15 03:30 PM May -1.6% -0.6% -1.3%
2020-07-15 03:30 PM Jun -1.1% -1.6% -0.8%
2020-08-14 11:00 AM Jul -1.1% -0.8% -0.8%
2020-09-15 03:30 PM Aug
2020-10-15 03:30 PM Sep 1.1%
2020-11-15 03:30 PM Oct


News Stream
Israel Consumer Prices Fall for 3rd Month
Israel's consumer prices decreased 1.1 percent from a year earlier in June of 2020, after falling 1.6 percent in the previous month. It was the third consecutive month of drops in consumer prices, prompted by the coronavirus crisis. Main downward pressure came from prices of transport & communication (-5.1 percent vs -6.6 percent in May); clothing & footwear (-5.3 percent vs -10.5 percent) and miscellaneous goods & services (-1 percent vs -1.2 percent). In addition, cost slowed for housing (1.4 percent vs 1.6 percent). Meanwhile, prices rebounded slightly for food (0.2 percent vs -0.2 percent). On a monthly basis, consumer prices edged down 0.1 percent, after dropping 0.3 percent in the preceding month.
2020-07-15
Israel Consumer Prices Fall the Most since 2004
Israel's consumer prices slumped 1.6 percent from a year earlier in May of 2020, the largest decline since March of 2004, amid lingering effects from the Covid-19 pandemic. Prices fell for transport & communication (-6.6 percent vs -5.8 percent in April); clothing & footwear (-10.5 percent vs -3.8 percent); miscellaneous goods & services (-1.2 percent vs -0.6 percent); recreation & culture (-2.3 percent vs -2.2 percent) and food (-0.2 percent vs 1.6 percent). Also, inflation slowed for housing (1.6 percent vs 1.9 percent). On a monthly basis, consumer prices dropped 0.3 percent, the same pace as in the previous month.
2020-06-15
Israel Consumer Prices Fall the Most in Nearly 3 Years
Israel's consumer prices dropped 0.6 percent from a year earlier in April 2020, the largest decline since July 2017, as prices were down for transport & communications (-5.8 percent), clothing & footwear (-3.8 percent), home furniture & equipment (-1.7 percent), health (-0.1 percent), education, culture and entertainment (-0.1 percent) and miscellaneous goods & services (-0.6 percent). Meanwhile, housing prices rose 1.9 percent and cost of food without vegetables and fruits increased 1.8 percent.
2020-05-15
Israel Consumer Prices Unchanged in March
Consumer prices in Israel were unchanged in March 2020, following a 0.1 percent rise in the previous month and compared with market expectations of a 0.1 percent decline. Cost of transport & communication dropped further (-1.5 percent from -0.8 percent in February) while prices fell less for food (-0.2 percent from -0.8 percent); and furniture & household equipment (-2.5 percent from -2.9 percent). Meantime, cost of housing increased at a faster pace (2 percent from 1.9 percent) and inflation was steady for dwelling maintenance (at 0.6 percent). On a monthly basis, consumer prices went up 0.4 percent, rebounding from a 0.1 percent decrease in the prior month and above forecasts of a 0.3 percent gain.
2020-04-14

Israel Inflation Rate
In Israel, the most important categories in the consumer price index are Housing (25.2 percent of the total weight) and Transport and Communication (20.6 percent). Food accounts for 16.5 percent; Education, Culture and Entertainment for 11.7 percent and Dwelling Maintenance for 9.7 percent. Others include: Health (5.2 percent); Miscellaneous Goods and Services (4.3 percent); Furniture and Household Equipment (3.7 percent) and Clothing and Footwear (3.1 percent). The national index has a base of 100 as of 2012.