Israel’s annual inflation rose for the seventh straight month to 2.5 percent in September of 2021, from 2.2 percent in the previous month but slightly below the market estimation of 2.6 percent. It was the highest rise in consumer prices since November of 2011, boosted by cost of transport (4 percent); food, excluding vegetables & fruits (2.7 percent); furnishing (4.3 percent); education (3.3 percent); and housing (1.8 percent). On a monthly basis, consumer prices went up 0.2 percent in September, following a 0.3 percent increase in August. source: Central Bureau of Statistics, Israel

Inflation Rate in Israel averaged 27.95 percent from 1952 until 2021, 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 October of 2021.

Inflation Rate in Israel is expected to be 1.60 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 1.50 percent in 2022, according to our econometric models.

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Israel Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-15 03:30 PM Jun 1.7% 1.5% 1.7% 1.6%
2021-08-15 03:30 PM Jul 1.9% 1.7% 1.7%
2021-09-14 03:30 PM Aug 2.2% 1.9% 2.2% 2.0%
2021-10-15 11:00 AM Sep 2.5% 2.2% 2.6% 2.7%
2021-11-15 03:30 PM Oct 2.5%
2021-12-15 03:30 PM Nov


News Stream
Israel’s Annual Inflation Rate at Near 10-Year-High
Israel’s annual inflation rose for the seventh straight month to 2.5 percent in September of 2021, from 2.2 percent in the previous month but slightly below the market estimation of 2.6 percent. It was the highest rise in consumer prices since November of 2011, boosted by cost of transport (4 percent); food, excluding vegetables & fruits (2.7 percent); furnishing (4.3 percent); education (3.3 percent); and housing (1.8 percent). On a monthly basis, consumer prices went up 0.2 percent in September, following a 0.3 percent increase in August.
2021-10-15
Israel August Inflation Rate at Near 8-Year High
Israel’s consumer price inflation rate edged up to 2.2 percent year-on-year in August of 2021, from 1.9 percent in the previous month and in line with the market expectations. It was the fastest rise in consumer prices since July of 2013, with main upward pressure coming from transport & communication (3.6 percent); education, culture & entertainment (4 percent); food, excluding vegetables & fruit (2.3 percent); health (1.1 percent); furnishings (4.1 percent); and housing (1.8 percent). On a monthly basis, consumer prices went up 0.3 percent in August, following a 0.4 percent gain in July.
2021-09-14
Israel July Inflation Rate Highest Since 2013
Israel's consumer price inflation rate picked up to 1.9 percent year-on-year in July 2021, the highest since November 2013, from 1.7 percent in the previous month. Main upward pressure came from transport and communication (3.5 percent); education, culture and entertainment (4.0 percent); food, excluding vegetables and fruit (1.8 percent); health (0.8 percent); and housing (1.2 percent). On a monthly basis, consumer prices rose 0.4 percent in July, following a 0.1 percent gain in June.
2021-08-15
Israel Inflation Rate at 7-½-Year High
Prices of goods and services in Israel rose by 1.7 percent year-on-year in June of 2021, after a 1.5 percent gain in the previous month. It was the highest inflation since December 2013, which is in line with the annual government inflation target ranging from 1 percent to 3 percent. Prices accelerated for food (1.9 percent vs 0.3 percent in May), housing & utilities (1.0 percent vs 0.7 percent), education (3.8 percent vs 3.0 percent), furniture (2.6 percent vs 2.0 percent) and dwelling maintenance (0.8 percent vs 0.5 percent). Meanwhile, inflation slowed for transport (2.8 percent vs 4.0 percent) while cost fell further for clothing & footwear (-4.4 percent vs -2.3 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.4 gain in the prior month.
2021-07-15

Israel Last Unit Reference Previous Highest Lowest
Inflation Rate 2.50 percent Sep/21 2.20 486.23 -2.70
Consumer Price Index CPI 102.30 points Sep/21 102.10 102.30 0.00
Core Consumer Prices 102.10 points Sep/21 101.80 102.10 81.90
Core Inflation Rate 1.90 percent Aug/21 1.70 5.20 -0.70
GDP Deflator 106.08 points Jun/21 106.52 107.02 61.25
Producer Prices 110.00 points Sep/21 110.20 110.20 26.92
Export Prices 98.50 points Jun/21 97.00 116.70 66.90
Import Prices 110.00 points Jun/21 105.80 115.81 66.10
Inflation Rate Mom 0.20 percent Sep/21 0.30 27.50 -4.80
CPI Transportation 104.80 points Sep/21 104.60 114.08 0.36
CPI Housing Utilities 102.10 points Sep/21 101.80 102.10 0.17
Food Inflation 1.80 percent Aug/21 1.80 497.50 -3.60


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.