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Israel's Inflation Slows Sharply in October, Defying Analyst Predictions
Israel's inflation rate unexpectedly fell by 0.1% in October 2026, defying analyst predictions of a rise and reaching a five-and-a-half-year low of 1.1% annually. The slowdown was driven by cheaper transportation and housing services, though clothing, footwear, and vegetables became more expensive.
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What happened
- 01Israel's October 2026 inflation rate decreased by 0.1%, contrary to analyst expectations.
- 02Annual inflation dropped to 1.1%, the lowest level since April 2021.
- 03The decline brings inflation near the Bank of Israel's 1-3% target range.
- 04Transportation costs fell 1.4%, including a 5.1% drop in travel expenses.
- 05Clothing, footwear, and fresh vegetables saw significant price increases.
- 06Foreign travel and domestic flights are down 7.5% over the past year.
This brings inflation closer to the Bank of Israel's target range.
The coverage
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