Annual inflation rate in Israel stood at 1.2 percent in February 2019, unchanged from the previous month. Prices rose faster for housing (2.7 percent from 2.1 percent in January) and for dwellings maintenance (2.0 percent from 1.8 percent). Meantime, cost went up at a softer pace for food, including vegetables & fruit (3.8 percent from 3.9 percent) while cost of education, culture & entertainment increased 0.6 percent, the same as in January. In addition, prices fell for transport & communication (-1.3 percent from -0.8 percent) and for health (-0.4 percent from -0.2 percent). Inflation Rate in Israel averaged 28.99 percent from 1952 until 2019, 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 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 1.30 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.