Israel’s October CPI Falls 0.1% as Annual Inflation Reaches 1.1%

Israel’s consumer price index fell 0.1% in October compared with September, according to Central Bureau of Statistics figures released on Sunday evening, November 15. The index remained 1.1% above its October 2025 level, putting annual inflation at 1.1%. Fresh fruit prices declined 2.8%, transportation fell 1.4% and owner-occupied housing services decreased 0.5%. Clothing and footwear prices rose 4.1%, while fresh vegetables increased 3.5%. Home maintenance became 0.4% more expensive, and furniture and household equipment prices rose 0.3%. In the rental market, rents increased 2.8% for tenants renewing their contracts and 5.5% for new tenants in sampled apartments where the occupant changed. The bureau explained that these figures approximate annual changes for the two groups, rather than monthly rent increases. Most tenants’ rents remain unchanged during their contract year because the monthly payment is fixed, generally without indexation. The separate home-price index fell 0.2% when transactions in August–September 2026 were compared with those in July–August 2026. Prices were 1.5% lower than in August–September 2025, while new-home prices fell 0.7% in the overlapping two-month comparison. The nationwide average dwelling price in the third quarter was NIS 2.286 million, down 5.7% from NIS 2.423 million in the preceding quarter.