Inflation Israel 2008
Average inflation: 4.5%
Current Inflation
Inflation is high at 4.5%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.5%. The lowest inflation was in January at 3.3%.
- Highest month
- September: 5.5%
- Lowest month
- January: 3.3%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 12.3%. The lowest price increase was in Clothing and footwear with an average of -1.6%.
- Highest increase
- Food and non-alcoholic beverages: 12.3%
- Lowest increase
- Clothing and footwear: -1.6%
Historical Context
Current inflation is 2.9% higher than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 2.2%
- All-time high (1989)
- 20.3%
- All-time low (2004)
- -0.4%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +4.0 percentage point.
- Change vs. previous year
- +4.0 percentage points
- Largest monthly swing
- May: +6.3 percentage points
ECB Target
Inflation is 2.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 3.3% | +3.2 |
| February | 3.5% | +4.5 |
| March | 3.6% | +4.7 |
| April | 4.5% | +5.6 |
| May | 5.2% | +6.3 |
| June | 4.8% | +5.5 |
| July | 4.9% | +4.6 |
| August | 5.1% | +4.2 |
| September | 5.5% | +4.1 |
| October | 5.4% | +3.3 |
| November | 4.6% | +2.0 |
| December | 4.0% | +0.8 |
| Average | 4.5% |
Data source
Data from OECD. Last updated: 11/01/2026.