Inflation Israel 2004
Average inflation: -0.4%
Current Inflation
There is deflation with consumer prices declining by 0.4%.
Peak and Trough
The highest inflation was in December at 1.3%. The lowest inflation was in March at -2.8%.
- Highest month
- December: 1.3%
- Lowest month
- March: -2.8%
- Difference
- 4.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 3.0%. The lowest price increase was in Communication with an average of -7.0%.
- Highest increase
- Transport: 3.0%
- Lowest increase
- Communication: -7.0%
Historical Context
Current inflation is 2.1% lower than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 5%
- All-time high (1985)
- 348%
- All-time low (2004)
- -0.4%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- January: -7.8 percentage points
ECB Target
Inflation is 2.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | -2.2% | -7.8 |
| February | -2.5% | -7.6 |
| March | -2.8% | -7.7 |
| April | -1.5% | -4.7 |
| May | -0.7% | -2.4 |
| June | 0.0% | +0.3 |
| July | 0.4% | +1.9 |
| August | 0.6% | +1.9 |
| September | 0.9% | +2.8 |
| October | 0.9% | +3.4 |
| November | 0.9% | +2.7 |
| December | 1.3% | +3.3 |
| Average | -0.4% |
Data source
Data from OECD. Last updated: 11/01/2026.