Full coverage· Economy· Updated 15 Oct, 23:33

Israel Inflation Slows Sharply, Housing Prices Decline Again

Israel's inflation rate fell by 0.5% in September, exceeding expectations and bringing the annual rate to 1.6%. Housing prices also declined by 0.6% in July-August, with the northern region seeing the largest drop. However, rental costs continued to rise, increasing by 2.4% for renewals and 5.3% for new leases.

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What happened

01Israel's September inflation fell 0.5%, exceeding forecasts and reaching 1.6% annually.
02Housing prices decreased by 0.6% in July-August, with the north seeing the largest drop.
03International travel and hotel prices dropped significantly, contributing to lower inflation.
04Despite falling purchase prices, rents rose 2.4% for renewals and 5.3% for new tenants.
05The Bank of Israel's target inflation range is between 1% and 3%.