Prices of goods and services in Israel decreased 0.7 percent year-on-year in December of 2020, following a 0.6 percent fall in November and in line with market expectations. It is the 9th consecutive month of deflation, dragged by a fall in cost of transport (-2.1 percent), food excluding fruits and vegetables (-0.6 percent) and real estate (-0.2 percent). On a monthly basis, consumer prices were down by 0.1%, following a 0.2% decrease in the previous month and below market expectations of a flat reading. source: Central Bureau of Statistics, Israel
Inflation Rate in Israel averaged 28.21 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 February of 2021.
Inflation Rate in Israel is expected to be -0.20 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 1.00 in 12 months time. In the long-term, the Israel Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.