Prices of goods and services in Israel edged up 0.2 percent year-on-year in March of 2021, after being unchanged in the previous month. It was the first increase since March 2020, as the country’s leading position in the vaccination race allowed the economy to reopen in March. Prices advanced at a slightly faster pace for transports & communications (0.2 percent vs -0.3 percent in February); education (1.6 percent vs 0.7 percent); and furnishings (1.2 percent vs 0.9 percent); while housing-related charges increased at a slower pace (0.4 percent vs 0.7 percent) and deflation eased for clothing & footwear (-4.2 percent vs -5.6 percent). On a monthly basis, consumer prices went up by 0.6 percent, following a 0.3 percent increase in the previous month. source: Central Bureau of Statistics, Israel
Inflation Rate in Israel averaged 28.11 percent from 1952 until 2021, 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 May of 2021.
Inflation Rate in Israel is expected to be 1.30 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 1.70 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.