Israel Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Israel inflation rate for 2023 was 4.23%, a 0.17% decline from 2022.
  • Israel inflation rate for 2022 was 4.39%, a 2.88% increase from 2021.
  • Israel inflation rate for 2021 was 1.51%, a 2.12% increase from 2020.
  • Israel inflation rate for 2020 was -0.61%, a 1.46% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Hungary 17.13%
Palau 12.80%
Poland 11.53%
Czech Republic 10.66%
Slovak Republic 10.53%
Barbados 9.79%
Estonia 9.16%
Lithuania 9.12%
Latvia 8.94%
Iceland 8.74%
Sweden 8.55%
Croatia 7.94%
Austria 7.81%
Chile 7.58%
Slovenia 7.45%
United Kingdom 6.79%
Ireland 6.30%
Finland 6.25%
Germany 5.95%
Uruguay 5.87%
New Zealand 5.73%
Italy 5.62%
Australia 5.60%
Norway 5.52%
Malta 5.09%
Antigua and Barbuda 5.07%
France 4.88%
Singapore 4.82%
Trinidad and Tobago 4.63%
Portugal 4.31%
Israel 4.23%
United States 4.12%
Belgium 4.05%
Canada 3.88%
Netherlands 3.84%
Luxembourg 3.74%
Kuwait 3.64%
South Korea 3.60%
St. Kitts and Nevis 3.56%
Cyprus 3.54%
Spain 3.53%
Greece 3.46%
Denmark 3.31%
Japan 3.27%
Bahamas 3.05%
Qatar 3.03%
Saudi Arabia 2.33%
Switzerland 2.14%
Hong Kong 2.10%
Panama 1.49%
Oman 0.94%
Brunei 0.36%
Bahrain 0.07%
Seychelles -1.04%
Israel Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 4.23% -0.17%
2022 4.39% 2.88%
2021 1.51% 2.12%
2020 -0.61% -1.46%
2019 0.85% 0.06%
2018 0.79% 0.53%
2017 0.26% 0.81%
2016 -0.55% 0.05%
2015 -0.60% -1.08%
2014 0.48% -1.09%
2013 1.57% -0.11%
2012 1.68% -1.81%
2011 3.48% 0.79%
2010 2.69% -0.66%
2009 3.36% -1.20%
2008 4.55% 4.10%
2007 0.46% -1.61%
2006 2.06% 0.75%
2005 1.31% 1.70%
2004 -0.38% -1.08%
2003 0.70% -5.07%
2002 5.77% 4.62%
2001 1.15% 0.12%
2000 1.03% -4.15%
1999 5.18% -0.31%
1998 5.49% -3.48%
1997 8.97% -2.45%
1996 11.42% 1.49%
1995 9.93% -2.34%
1994 12.28% 1.35%
1993 10.92% -1.09%
1992 12.02% -7.12%
1991 19.14% 1.95%
1990 17.19% -3.17%
1989 20.35% 3.95%
1988 16.40% -2.67%
1987 19.07% -28.81%
1986 47.89% -262.04%
1985 309.93% -63.28%
1984 373.22% 227.26%
1983 145.95% 25.59%
1982 120.36% 3.56%
1981 116.80% -14.23%
1980 131.03% 52.72%
1979 78.31% 27.76%
1978 50.55% 15.93%
1977 34.62% 3.31%
1976 31.31% -8.00%
1975 39.31% -0.37%
1974 39.68% 19.65%
1973 20.03% 7.15%
1972 12.88% 0.91%
1971 11.97% 5.86%
1970 6.11% 3.65%
1969 2.46% 0.38%
1968 2.08% 0.37%
1967 1.71% -6.22%
1966 7.93% 0.22%
1965 7.71% 2.54%
1964 5.17% -1.41%
1963 6.58% -2.83%
1962 9.41% 2.62%
1961 6.79% 4.56%
1960 2.23% 4.56%