Inflation Israel 2022
Average inflation: 4.4%
Current Inflation
Inflation is high at 4.4%, well above the ECB target.
Peak and Trough
The highest inflation was in November at 5.3%. The lowest inflation was in January at 3.2%.
- Highest month
- November: 5.3%
- Lowest month
- January: 3.2%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 8.3%. The lowest price increase was in Clothing and footwear with an average of -4.8%.
- Highest increase
- Transport: 8.3%
- Lowest increase
- Clothing and footwear: -4.8%
Historical Context
Current inflation is 3.0% higher than the 5-year average of 1.4%. This approaches the highest level since records began (4.5% in 2008).
- 5-year average
- 1.4%
- 10-year average
- 0.8%
- All-time high (2008)
- 4.5%
- All-time low (2020)
- -0.6%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +2.9 percentage point.
- Change vs. previous year
- +2.9 percentage points
- Largest monthly swing
- January: +3.7 percentage points
ECB Target
Inflation is 2.4% 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 €104.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.2% | +3.7 |
| February | 3.5% | +3.5 |
| March | 3.5% | +3.4 |
| April | 3.9% | +3.1 |
| May | 4.2% | +2.7 |
| June | 4.5% | +2.8 |
| July | 5.1% | +3.2 |
| August | 4.6% | +2.4 |
| September | 4.6% | +2.1 |
| October | 5.1% | +2.8 |
| November | 5.3% | +2.9 |
| December | 5.3% | +2.4 |
| Average | 4.4% |
Data source
Data from OECD. Last updated: 11/01/2026.