Israel's Consumer Price Index Drops 0.5% in September, Housing Prices Decline
Translated & summarized from Vesty by baba
Israel's Consumer Price Index fell by 0.5% in September, with annual inflation rising to 1.6%. Housing prices declined by 0.6% in July-August 2026 compared to the previous period, with year-over-year decreases across all districts. Rents saw increases for both existing and new tenants. The share of subsidized housing transactions rose to 45.8% in the reporting period.
The story in 6 lines · by baba
- Israel's Consumer Price Index decreased by 0.5% in September.
- Annual inflation in Israel rose to 1.6% in September.
- Housing prices for apartment purchases fell by 0.6% in July-August 2026.
- Rents increased by 2.4% for existing tenants and 5.6% for new tenants.
- Fresh vegetables and educational services saw the largest price increases.
- Culture, entertainment, and transportation prices experienced the biggest drops.
Israel's Consumer Price Index (CPI) decreased by 0.5% in September, according to data released by the Central Bureau of Statistics (CBS) on Thursday, October 15. The annual inflation rate rose slightly from 1.5% to 1.6%, compared to a 0.6% decrease in September 2025. Significant price increases were observed in fresh vegetables (6.6%) and educational services (0.8%). Conversely, culture and entertainment saw the largest drop at -2.7%, followed by transportation at -2.5%. Prices for clothing and footwear fell by 0.9%, while food (excluding vegetables and fruits) and furniture and appliances each decreased by 0.4%.
The CBS also reported on housing prices. While rents for existing tenants increased by 2.4% and for new tenants by 5.6%, the purchase and sale of apartments saw a 0.6% decrease in July-August 2026 compared to June-July. This decline varied by district, with the Northern district experiencing a 1.5% drop and Haifa seeing a 0.3% increase. Year-over-year, apartment prices have fallen across all districts, ranging from 0.2% in Jerusalem to 2.7% in the Central district.
Prices for new apartments specifically decreased by 0.4% in July-August 2026 compared to the previous two-month period. However, the share of subsidized housing transactions increased from 40% to 45.8% during this time. Excluding these subsidized deals, the price index for new housing dropped by 0.8%.
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