Israel's consumer prices went down 0.6 percent year-on-year in November of 2020, following a 0.8 percent fall in the prior month. It was the eighth successive month of deflation, amid the ongoing COVID-19 pandemic. Prices fell less mostly for clothing & footwear (-4.3 percent vs -9.2 percent in October); transport and communication (-2.2 percent vs -3 percent); dwellings maintenance (-0.7 percent vs -0.8 percent) and health (-0.3 percent vs -0.6 percent). Inflation also slowed for housing (0.4 percent vs 0.8 percent) while food cost edged up (0.1 percent vs flat reading). On a monthly basis, consumer prices went down 0.2 percent, after increasing 0.3 percent in the prior month. source: Central Bureau of Statistics, Israel
Inflation Rate in Israel averaged 28.25 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 December of 2020.
Inflation Rate in Israel is expected to be -0.50 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 1.10 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 1.00 percent in 2021 and 1.50 percent in 2022, according to our econometric models.