Consumer Price Index Shows Significant Drop in Inflation and Housing Prices
Translated & summarized from Ynet by baba
Israel's annual inflation rate has fallen to 1.1% following a 0.1% decrease in the Consumer Price Index for October. Significant price drops were recorded in fresh fruits, transportation, and housing services. The housing price index also decreased by 0.2% month-over-month and 1.5% year-over-year.
The story in 5 lines · by baba
- Annual inflation in Israel has dropped to 1.1% after October's CPI decline.
- The Consumer Price Index fell by 0.1% in October.
- Fresh fruit prices dropped 2.8%, transportation 1.4%, and housing services 0.5%.
- The housing price index decreased by 0.2% compared to the previous two-month period.
- Year-over-year, the housing price index is down 1.5%.
Israel's Consumer Price Index (CPI) for October registered a negative rate, causing the annual inflation rate to plummet to 1.1%. The CPI itself decreased by 0.1% in October. Notable price drops were observed in fresh fruits, which fell by 2.8%, transportation by 1.4%, and owner-occupied housing services by 0.5%.
Furthermore, the housing price index saw a 0.2% decrease when comparing transactions from August-September 2026 to July-August 2026. On a year-over-year basis, comparing current period transactions to the same period last year, the housing price index declined by 1.5%.
