Consumer Price Index for Israel
DDOE01ILA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.60
Year-over-Year Change
19.76%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index for Israel (CPI) measures the changes in the prices of a basket of goods and services typically purchased by Israeli households. It is a key indicator of inflation and purchasing power in the Israeli economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Israel is a widely tracked economic indicator that provides insights into the cost of living and purchasing power of Israeli consumers. It is used by policymakers, economists, and analysts to understand inflationary pressures and inform economic decision-making.
Methodology
The CPI for Israel is calculated by the Central Bureau of Statistics based on the prices of a representative basket of consumer goods and services.
Historical Context
The CPI is a critical input for the Bank of Israel's monetary policy decisions and helps guide the government's fiscal and economic policies.
Key Facts
- The CPI for Israel has a base year of 2010.
- The CPI is released monthly by the Central Bureau of Statistics.
- Israel's CPI reached a high of 105.4 in January 2023.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Israel (CPI) measures the changes in the prices of a basket of goods and services typically purchased by Israeli households.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and purchasing power in the Israeli economy, and is used by policymakers, economists, and analysts to understand inflationary pressures and inform economic decision-making.
Q: How is this data collected or calculated?
A: The CPI for Israel is calculated by the Central Bureau of Statistics based on the prices of a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The CPI is a critical input for the Bank of Israel's monetary policy decisions and helps guide the government's fiscal and economic policies.
Q: Are there update delays or limitations?
A: The CPI for Israel is released monthly by the Central Bureau of Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index for Israel (DDOE01ILA086NWDB), retrieved from FRED.