Inflation Israel 2021
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 2.9%. The lowest inflation was in January at -0.5%.
- Highest month
- December: 2.9%
- Lowest month
- January: -0.5%
- Difference
- 3.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 6.0%. The lowest price increase was in Clothing and footwear with an average of -4.9%.
- Highest increase
- Restaurants and hotels: 6.0%
- Lowest increase
- Clothing and footwear: -4.9%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 0.5%.
- 5-year average
- 0.5%
- 10-year average
- 0.5%
- All-time high (2002)
- 5.8%
- All-time low (2020)
- -0.6%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+2.1 percentage point).
- Change vs. previous year
- +2.1 percentage points
- Largest monthly swing
- December: +3.6 percentage points
ECB Target
Inflation is 0.5% 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 €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -0.5% | -0.8 |
| February | 0.0% | -0.1 |
| March | 0.1% | +0.1 |
| April | 0.8% | +1.4 |
| May | 1.5% | +3.1 |
| June | 1.7% | +2.8 |
| July | 1.9% | +2.5 |
| August | 2.2% | +3.0 |
| September | 2.5% | +3.2 |
| October | 2.3% | +3.1 |
| November | 2.4% | +3.0 |
| December | 2.9% | +3.6 |
| Average | 1.5% |
Data source
Data from OECD. Last updated: 11/01/2026.