Full coverage· Economy· Updated 14 Aug, 14:19

Consumer Prices Rise Slightly in July as Inflation Remains Low, Housing Costs Increase Moderately

Israel's consumer prices increased by 0.3% in July 2026, with annual inflation steady at 1.5%. Housing and transportation costs rose moderately, while new apartment prices increased slightly but remain below last year's levels. Renters faced higher costs, especially new tenants, amid regional price variations.

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Consumer Prices Rise Slightly in July as Inflation Remains Low, Housing Costs Increase Moderately — Illustration by baba

What happened

01Israel's CPI rose 0.3% in July, slightly above forecasts, with annual inflation at 1.5%.
02Transportation, culture, and housing prices increased, while clothing and fresh produce prices fell.
03New rental contracts saw a 4.7% rent increase; renewals rose 2.6%.
04Jerusalem and Haifa experienced price hikes; Central District and Tel Aviv saw declines.
05New apartment prices rose 0.5% monthly but remain 2% lower year-over-year.
06Average home transaction price in Q2 2026 was 2.435 million shekels, up 7.9% annually.