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.