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.