Inflation Israel 1997
Average inflation: 9.0%
Current Inflation
Inflation is very high at 9.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 10.2%. The lowest inflation was in December at 7.1%.
- Highest month
- January: 10.2%
- Lowest month
- December: 7.1%
- Difference
- 3.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 16.2%. The lowest price increase was in Clothing and footwear with an average of 1.4%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 16.2%
- Lowest increase
- Clothing and footwear: 1.4%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 10.7%. This approaches the lowest level since records began (9.0% in 1997).
- 5-year average
- 10.7%
- 10-year average
- 13.9%
- All-time high (1985)
- 348%
- All-time low (1997)
- 9%
Trend
Inflation has remained relatively stable. Compared to 1996, the difference is minimal (-2.5 percentage point).
- Change vs. previous year
- -2.5 percentage points
- Largest monthly swing
- May: -4.9 percentage points
ECB Target
Inflation is 7.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1997
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| January | 10.2% | +1.5 |
| February | 10.2% | +0.5 |
| March | 9.9% | -1.1 |
| April | 9.2% | -2.4 |
| May | 7.8% | -4.9 |
| June | 8.5% | -4.6 |
| July | 9.2% | -4.1 |
| August | 9.5% | -2.6 |
| September | 8.9% | -2.7 |
| October | 9.2% | -2.2 |
| November | 8.1% | -3.3 |
| December | 7.1% | -3.7 |
| Average | 9.0% |
Data source
Data from OECD. Last updated: 11/01/2026.