Consumer Price Index Falls 0.3% in May as Rents Rise
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Israel's Consumer Price Index fell 0.3% in May, while annual inflation stayed at 1.9%. Apartment prices declined slightly, but rents rose, especially for new tenants.
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- Consumer prices fell 0.3% in May, according to the Central Bureau of Statistics.
- Inflation remained unchanged at 1.9%.
- Fresh fruit and transportation were among the biggest monthly price declines.
- Apartment prices fell 0.3%, while rents increased 2.5% to 6.8%.
Israel's Consumer Price Index fell 0.3% in May compared with April 2026, the Central Bureau of Statistics said Tuesday. Inflation was unchanged at 1.9%.
The sharpest monthly price drops were in fresh fruit, down 4.9%, transportation, down 2.7%, and furniture and household equipment, down 0.1%. Larger increases were seen in clothing, up 1.9%, and in culture and entertainment events, up 1.1%.
Housing data showed that apartment prices for transactions completed in April and at the end of March fell 0.3% compared with sales in February and early March. By region, prices fell 2% in Jerusalem, 1.9% in Haifa, 0.9% in the South District, and 0.2% in the North District. Prices rose 0.2% in the Center District and 0.7% in Tel Aviv.
Rents continued to climb. Tenants renewing leases paid 2.5% more, while new tenants, in apartments where tenants changed, paid 6.8% more.
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