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.