Consumer Price Index: All Items: Total for Israel
ISRCPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.80
Year-over-Year Change
11.17%
Date Range
1/1/1970 - 7/1/2023
Summary
The Consumer Price Index (CPI) for All Items in Israel measures changes in the prices paid by consumers for a representative basket of goods and services. It is a key indicator of inflation and a crucial tool for economic policymakers.
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 All Items in Israel is a comprehensive measure of the average change in prices paid by Israeli consumers. It covers a wide range of goods and services, including food, housing, transportation, and other expenditures. The CPI is used to monitor inflation, adjust wages and social benefits, and inform monetary and fiscal policy decisions.
Methodology
The data is collected by Israel's Central Bureau of Statistics through regular surveys of consumer expenditures and prices.
Historical Context
The CPI is closely watched by the Bank of Israel and other policymakers to assess the state of the economy and guide policy actions.
Key Facts
- The CPI for All Items in Israel has a base year of 2015.
- Israel's CPI is published monthly by the Central Bureau of Statistics.
- Policymakers use the CPI to set inflation targets and adjust interest rates.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in Israel measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation in the Israeli economy, and it informs important policy decisions by the Bank of Israel and other policymakers.
Q: How is this data collected or calculated?
A: The data is collected by Israel's Central Bureau of Statistics through regular surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Bank of Israel and other policymakers to assess the state of the economy and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Israel is published monthly by the Central Bureau of Statistics, with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Israel (ISRCPALTT01IXNBQ), retrieved from FRED.