Israeli Inflation from an International Perspective

In its 50 year history, Israel has undergone almost the full range of inflation experiences, including periods of low inflation in the 1950s and 1960s, double digit inflation in the 1970s, triple digit inflation through the mid-1980s, back to a prolonged period of moderate double digit inflation after the 1985 stabilization program, then finally recently achieving low single digit levels. The only missing experiences are those of deflation and genuine hyperinflation, although the high...
More Description

In its 50 year history, Israel has undergone almost the full range of inflation experiences, including periods of low inflation in the 1950s and 1960s, double digit inflation in the 1970s, triple digit inflation through the mid-1980s, back to a prolonged period of moderate double digit inflation after the 1985 stabilization program, then finally recently achieving low single digit levels. The only missing experiences are those of deflation and genuine hyperinflation, although the high inflation of the mid-1980s is often described as a hyperinflation.