Annual inflation rate in Israel came in at 1.2% in November of 2018, the same as in each of the previous three months. Higher prices of food (2.3% from 1.8% in October), namely vegetables and fruits (9.1% from 4.7%) were offset by a slowdown in cost of housing (2.1% from 2.2%); transport (1.9% from 2.3%); education, culture entertainment (0.5% from 0.8%) and dwelling maintenance (1.1% from 1.3%). Meanwhile, prices showed no growth for miscellaneous goods & services, compared to a 0.1% gain in October and cost continued to decline for communication (-4.2% from -4.4%); health (-0.3%, the same as in October); furniture & household equipment (-2.1% from -1.6%) and clothing & footwear (-1.9% from -2.1%). On a monthly basis, consumer prices went down 0.3%, slightly below market expectations of a 0.2% drop and after a 0.3% increase in October Inflation Rate in Israel averaged 29.09 percent from 1952 until 2018, 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 0.80 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 2.10 percent in 2020, according to our econometric models.