Inflation Israel 1998
Average inflation: 5.5%
Current Inflation
Inflation is very high at 5.5%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 8.6%. The lowest inflation was in July at 3.0%.
- Highest month
- December: 8.6%
- Lowest month
- July: 3.0%
- Difference
- 5.6 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 8.4%. The lowest price increase was in Clothing and footwear with an average of -1.3%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 8.4%
- Lowest increase
- Clothing and footwear: -1.3%
Historical Context
Current inflation is 4.1% lower than the 5-year average of 9.6%. This approaches the lowest level since records began (5.5% in 1998).
- 5-year average
- 9.6%
- 10-year average
- 12.8%
- All-time high (1985)
- 348%
- All-time low (1998)
- 5.5%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +3.5 percentage point.
- Change vs. previous year
- -3.5 percentage points
- Largest monthly swing
- August: -6.5 percentage points
ECB Target
Inflation is 3.5% 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 €105.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 7.1% | -3.1 |
| February | 5.6% | -4.6 |
| March | 4.7% | -5.2 |
| April | 5.2% | -4.0 |
| May | 5.1% | -2.7 |
| June | 4.2% | -4.3 |
| July | 3.0% | -6.2 |
| August | 3.0% | -6.5 |
| September | 4.5% | -4.4 |
| October | 6.4% | -2.8 |
| November | 8.3% | +0.2 |
| December | 8.6% | +1.5 |
| Average | 5.5% |
Data source
Data from OECD. Last updated: 11/01/2026.