Israel’s annual inflation rate ticked up to 4.1% in May of 2022, from 4% in the prior month, below market forecasts of 4.3%, but moving further away from the Bank of Israel’s annual target range for inflation of 1%- 3%. That was the highest rate since June of 2011, amid rising prices of transport & communication (7.4% vs 7% in April); food (5.5% vs 4.7%) and housing (3.7% vs 3.4%). On a monthly basis, consumer prices were by 0.6%, following a 0.8% increase in the prior month, just below market estimates of 0.7%. source: Central Bureau of Statistics, Israel

Inflation Rate in Israel averaged 27.68 percent from 1952 until 2022, reaching an all time high of 486.23 percent in November of 1984 and a record low of -2.70 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 July of 2022.

Inflation Rate in Israel is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Inflation Rate is projected to trend around 2.90 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Israel Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-15 03:30 PM Apr 4% 3.5% 4% 3.6%
2022-06-15 03:30 PM May 4.1% 4% 4.3% 4.1%
2022-07-15 03:30 PM Jun 4.1%


Related Last Previous Unit Reference
Inflation Rate 4.10 4.00 percent May 2022
Consumer Price Index CPI 105.50 104.90 points May 2022
Core Inflation Rate 3.76 3.50 percent May 2022
Core Consumer Prices 105.00 104.30 points May 2022
GDP Deflator 110.23 106.73 points Mar 2022
Producer Prices 123.30 123.10 points May 2022
Export Prices 106.30 103.50 points Mar 2022
Import Prices 120.40 115.50 points Mar 2022
Inflation Rate Mom 0.60 0.80 percent May 2022
Food Inflation 5.50 4.70 percent May 2022
CPI Transportation 111.20 110.70 points May 2022
CPI Housing Utilities 104.40 104.20 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.00 486.23 -2.70 1952 - 2022 percent Monthly
2020=100

News Stream
Israel CPI Rises Less than Expected in May
Israel’s annual inflation rate ticked up to 4.1% in May of 2022, from 4% in the prior month, below market forecasts of 4.3%, but moving further away from the Bank of Israel’s annual target range for inflation of 1%- 3%. That was the highest rate since June of 2011, amid rising prices of transport & communication (7.4% vs 7% in April); food (5.5% vs 4.7%) and housing (3.7% vs 3.4%). On a monthly basis, consumer prices were by 0.6%, following a 0.8% increase in the prior month, just below market estimates of 0.7%.
2022-06-15
Israel Inflation Rate at Near 11-Year High
Israel’s annual inflation rate rose to 4 percent in April of 2022, from 3.5 percent in the prior month and matching market forecasts, moving further away from the Bank of Israel’s annual target range for inflation of 1 percent to 3 percent. That was the highest rate since June of 2011, propelled by prices of transportation & communication (7 percent vs 5 percent in March); food (4.7 percent vs 4.8 percent); education, culture and entertainment (3.3 percent vs 2.8 percent) and housing (3.4 percent vs 3.3 percent). On a monthly basis, consumer prices inched up by 0.8 percent, following a 0.6 percent increase in the prior month, in line with market estimates.
2022-05-16
Israel Inflation Rate Below Expectations
Israel’s annual inflation rate was at 3.5 percent in March of 2022, remaining steady from the previous month and below market expectations of 3.8 percent, still above the Bank of Israel’s annual target range for inflation of 1 percent to 3 percent. Upward pressure in consumer prices was mostly from transportation and communication (5 percent), housing and utilities (3.3 percent), food and non-alcoholic beverages (4.8 percent), furniture and household maintenance (7.3 percent), and education, culture, and entertainment (2.8 percent). On the other hand, prices decreased for clothing and footwear (-5.6 percent). On a monthly basis, consumer prices edged up by 0.6 percent, easing from a 0.7 percent increase in the prior month.
2022-04-15