Prices of goods and services in Israel went up by 0.8 percent year-on-year in April of 2021, after a 0.2 percent gain in previous month. It was the highest inflation rate since June of 2019, although below the annual government inflation target ranging from 1 percent to 3 percent. Prices advanced at a faster pace for transportation & communication (3.4 percent vs 0.2 percent in March); education, culture & entertainment (2.0 percent vs 1.6 percent); housing (0.5 percent vs 0.4 percent); and dwellings maintenance (0.2 percent vs -0.3 percent). In contrast, prices continued to fall for clothing & footwear (-3.9 percent vs -4.2 percent) and food (-0.8 percent vs -0.3 percent). On a monthly basis, consumer prices went up by 0.3 percent, following a 0.6 percent increase in the previous month. source: Central Bureau of Statistics, Israel

Inflation Rate in Israel averaged 28.07 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 May of 2021.

Inflation Rate in Israel is expected to be 1.30 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 1.50 percent in 2022, according to our econometric models.

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Israel Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 486.23 -2.74 1952 - 2021 percent Monthly
2020=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-15 04:30 PM Jan -0.4% -0.7% -0.6% -0.3%
2021-03-15 04:30 PM Feb 0% -0.4% -0.2% -0.1%
2021-04-14 11:00 AM Mar 0.2% 0% -0.3%
2021-05-14 11:00 AM Apr 0.8% 0.2% 0.9% 0.6%
2021-06-15 03:30 PM May 0.8% 1.0%
2021-07-15 03:30 PM Jun
2021-08-15 03:30 PM Jul
2021-09-15 03:30 PM Aug
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Israel Inflation Rate at Over 2-Year High
Prices of goods and services in Israel went up by 0.8 percent year-on-year in April of 2021, after a 0.2 percent gain in previous month. It was the highest inflation rate since June of 2019, although below the annual government inflation target ranging from 1 percent to 3 percent. Prices advanced at a faster pace for transportation & communication (3.4 percent vs 0.2 percent in March); education, culture & entertainment (2.0 percent vs 1.6 percent); housing (0.5 percent vs 0.4 percent); and dwellings maintenance (0.2 percent vs -0.3 percent). In contrast, prices continued to fall for clothing & footwear (-3.9 percent vs -4.2 percent) and food (-0.8 percent vs -0.3 percent). On a monthly basis, consumer prices went up by 0.3 percent, following a 0.6 percent increase in the previous month.
2021-05-14
Israel Inflation Rate at Over 1-Year High
Prices of goods and services in Israel edged up 0.2 percent year-on-year in March of 2021, after being unchanged in the previous month. It was the first increase since March 2020, as the country’s leading position in the vaccination race allowed the economy to reopen in March. Prices advanced at a slightly faster pace for transports & communications (0.2 percent vs -0.3 percent in February); education (1.6 percent vs 0.7 percent); and furnishings (1.2 percent vs 0.9 percent); while housing-related charges increased at a slower pace (0.4 percent vs 0.7 percent) and deflation eased for clothing & footwear (-4.2 percent vs -5.6 percent). On a monthly basis, consumer prices went up by 0.6 percent, following a 0.3 percent increase in the previous month.
2021-04-14
Israel Inflation Rate Flat in February
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.
2021-03-15
Israel Consumer Prices Fall Less Than Expected
Prices of goods and services in Israel decreased 0.4 percent year-on-year in January of 2021, easing from a 0.7 percent fall in December of 2020 and less than market expectations of a 0.6 percent drop. Deflation eased for transports and communication (-1.5 percent vs -2.1 percent in December), while prices rebounded for food excluding fruits and vegetables (0.2 percent vs -0.6 percent) and real estate (0.5 percent vs -0.2 percent). On a monthly basis, consumer prices were down by 0.1 percent, the same as in the previous month and compared to market consensus of a 0.3 percent decline.
2021-02-15

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.