Inflation Israel 2003
Average inflation: 0.8%
Current Inflation
Inflation is very low at 0.8%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 5.6%. The lowest inflation was in October at -2.5%.
- Highest month
- January: 5.6%
- Lowest month
- October: -2.5%
- Difference
- 8.1 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 7.2%. The lowest price increase was in Clothing and footwear with an average of -5.7%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.2%
- Lowest increase
- Clothing and footwear: -5.7%
Historical Context
Current inflation is 2.0% lower than the 5-year average of 2.8%. This approaches the lowest level since records began (0.8% in 2003).
- 5-year average
- 2.8%
- 10-year average
- 6.2%
- All-time high (1985)
- 348%
- All-time low (2003)
- 0.8%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (-5.0 percentage point).
- Change vs. previous year
- -5.0 percentage points
- Largest monthly swing
- October: -9.5 percentage points
ECB Target
Inflation is 1.2% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 5.6% | +2.3 |
| February | 5.1% | +0.8 |
| March | 4.9% | +0.5 |
| April | 3.2% | -1.8 |
| May | 1.7% | -4.0 |
| June | -0.3% | -7.0 |
| July | -1.5% | -8.5 |
| August | -1.3% | -7.7 |
| September | -1.9% | -8.3 |
| October | -2.5% | -9.5 |
| November | -1.8% | -8.5 |
| December | -2.0% | -8.7 |
| Average | 0.8% |
Data source
Data from OECD. Last updated: 11/01/2026.