not everywhere· Economy· Updated 15 Nov, 23:00

Israeli Consumer Prices Dip Unexpectedly, Annual Inflation Hits 1.1%

Israel's Consumer Price Index dropped 0.1% in October 2026, bringing annual inflation to 1.1% and defying analyst expectations. This unexpected decline may prompt the Bank of Israel to consider lowering interest rates next week.

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Israeli Consumer Prices Dip Unexpectedly, Annual Inflation Hits 1.1% — Illustration by baba

What happened

01Israel's CPI fell 0.1% in October 2026, lowering annual inflation to 1.1%.
02The unexpected CPI drop may lead the Bank of Israel to cut interest rates soon.
03Apartment prices are experiencing their longest annual decline in a decade.
04Average apartment prices in Israel were 2.29 million shekels in Q3 2026.
05Overseas travel prices dropped 5.1%, while clothing and footwear prices rose 4.1%.

Apartment prices are also in their longest annual decline in a decade, with an average price of 2.29 million shekels in Q3 2026. Most Israeli districts saw annual apartment price decreases, except for Haifa.