What Is Israel’s Inflation Rate? 1.6% in the 12 Months to September 2026
Israel’s consumer prices rose 1.6% in the 12 months to September 2026, on the Central Bureau of Statistics’ CPI. The index fell 0.5% in September alone.
Israel’s inflation rate was 1.6% in the 12 months to September 2026, on the Central Bureau of Statistics’ Consumer Price Index published on 15 October 2026. The same index fell 0.5% in September alone, to 105.3 points, and was unchanged in September once seasonally adjusted. The 12-month rise is the annual figure. The monthly fall is one month’s movement.
| Figure | What it counts | Period |
|---|---|---|
| 1.6% | Rise in the CPI over 12 months | September 2025 to September 2026 |
| 1.6% | Rise in the CPI since the start of the year | January to September 2026 |
| 1.4% | Annual pace of increase, the Bureau’s trend estimate from four months | June to September 2026 |
| Fell 0.5% | Monthly change in the CPI, from 105.8 to 105.3 points | August to September 2026 |
| Unchanged | Monthly change in the CPI, seasonally adjusted | September 2026 |
| 0.8% | Rise in the CPI over 12 months, excluding housing | September 2025 to September 2026 |
| 105.3 points | Index level, on a base of average 2024 = 100.0 | September 2026 |
Source: Central Bureau of Statistics, Consumer Price Index, September 2026, media release 326/2026, 15 October 2026.
Consumer prices rose 1.6% in the 12 months to September 2026
The Central Bureau of Statistics records a 1.6% rise in the CPI between September 2025 and September 2026. Two other figures in the same release cover different windows. They are not restatements of the annual rate.
- 1.6%: the 12-month change, September 2025 to September 2026. This is the annual inflation figure.
- 1.6%: the change since the start of the year, January to September 2026. It covers nine months and matches the 12-month figure this month only.
- 1.4%: the annual pace of increase on the Bureau’s trend for June to September 2026. It is an annualised estimate drawn from four months, not a measured 12-month change.
The CPI fell 0.5% in September, to 105.3 points
The Central Bureau of Statistics recorded a 0.5% fall in the CPI from August to September 2026, from 105.8 points to 105.3. Seasonally adjusted, the index was unchanged that month. A one-month change is not an annual rate and may not be multiplied up into one.
| Group | Change, August to September 2026 |
|---|---|
| Culture and entertainment | Fell 2.7% |
| Transport | Fell 2.5% |
| Clothing and footwear | Fell 0.9% |
| Fresh vegetables | Rose 6.6% |
| Education services | Rose 0.8% |
| Rent | Rose 0.4% |
Source: Central Bureau of Statistics, Consumer Price Index, September 2026. These are the largest monthly falls and rises the Bureau names by group. They are changes within each group, not contributions to the 0.5%, and may not be summed.
Excluding housing, the CPI rose 0.8% over 12 months
The Central Bureau of Statistics publishes the 12-month change in four versions: the headline index and three that each leave out one component. Excluding housing, the rise to September 2026 was 0.8%, against 1.6% for the full index.
| Version of the index | Rise over 12 months |
|---|---|
| Full CPI | 1.6% |
| Excluding vegetables and fruit | 1.5% |
| Excluding energy | 1.4% |
| Excluding housing | 0.8% |
Source: Central Bureau of Statistics, Consumer Price Index, September 2026; period September 2025 to September 2026. Each row removes a different component from the same index. The gaps between rows are not the components’ contributions to the headline and may not be added or subtracted as such.
The CPI rose 1.546% from July 2025 to July 2026
The Council for Higher Education’s Planning and Budgeting Committee states in its notice of 18 August 2026 that the CPI rose 1.546% from July 2025 to July 2026, as published on 14 August 2026. The Committee applied that change to tuition at state-budgeted institutions, raising a full bachelor’s year from NIS 12,017 in 2025/26 to NIS 12,203 in 2026/27. Over a longer span, the State Comptroller found that the CPI rose approximately 15.3% from January 2014 to December 2024.
| Figure | What it counts | Who published it | Period |
|---|---|---|---|
| 1.546% | CPI change applied to 2026/27 tuition | Council for Higher Education, Planning and Budgeting Committee | July 2025 to July 2026 |
| 1.6% | CPI change over 12 months | Central Bureau of Statistics | September 2025 to September 2026 |
| Approximately 15.3% | CPI change over the decade | State Comptroller of Israel | January 2014 to December 2024 |
Each row covers its own window. The 1.546% and the 1.6% end two months apart and are not one series to be differenced. Tuition rates and the price history of the past decade sit alongside the rise in house prices the Comptroller measured over the same 2014 to 2024 window.
The GDP deflator rose 2.1% in 2025, a separate measure
The Central Bureau of Statistics estimated that the prices of domestic product, the GDP deflator, rose 2.1% in 2025, in its second estimate of the national accounts published on 10 March 2026. The deflator measures the prices of what Israel produces, not the consumer basket the CPI prices, and it covers calendar 2025. It is a different rate from the CPI and may not be set against it as the same figure.
- Prices of domestic product (GDP deflator): rose 2.1% in 2025.
- Real GDP: rose 2.9% in 2025, revised from 3.1% in the first estimate, after 1.0% in 2024.
- Total GDP: NIS 2,108 billion in 2025, at current prices.
Source: Central Bureau of Statistics, Israel’s National Accounts 2025: Second Estimate, media release 073/2026. The release states that the next estimate was due on 16 April 2026; the 2.1% is the second-estimate figure for 2025.
Which figures on this page may not be combined?
The Central Bureau of Statistics publishes the 12-month, year-to-date and trend figures over three different windows, and none stands in for another.
- The 0.5% September fall is one month and may not be annualised.
- The 105.3 points stand on a base of average 2024 = 100.0; index levels on an older base need the Bureau’s linking factor before comparison.
- The four 12-month versions overlap, and their differences are not component contributions.
- The 1.546%, the 1.6% and the approximately 15.3% cover separate windows and may not be differenced.
- The GDP deflator prices domestic product for calendar 2025 and is not the CPI.
Questions readers ask
What is Israel’s current inflation rate?
The Central Bureau of Statistics recorded a 1.6% rise in the CPI over the 12 months to September 2026. The figure comes from release 326/2026, published on 15 October 2026, and the Bureau replaces it each month with the next index.
Did prices in Israel fall in September 2026?
The Central Bureau of Statistics recorded a 0.5% fall in the CPI from August to September 2026, from 105.8 to 105.3 points. Seasonally adjusted, the Bureau reports the September index as unchanged.
Are prices lower than a year ago after the September fall?
No. The Central Bureau of Statistics recorded the CPI 1.6% higher in September 2026 than in September 2025.
Why are the year-to-date and 12-month figures both 1.6%?
The Central Bureau of Statistics measured both at 1.6% for September 2026, over different windows: January to September 2026 for the year to date, and September 2025 to September 2026 for the 12 months. The match holds for this month’s release.
What is the Bureau’s trend estimate for inflation?
The Central Bureau of Statistics puts the annual pace of increase at 1.4%, on its trend for June to September 2026. It is an annualised estimate from four months.
What is Israel’s inflation rate excluding housing?
The Central Bureau of Statistics recorded a 0.8% rise excluding housing over the 12 months to September 2026, against 1.6% for the full index.
What is inflation excluding energy, or excluding fruit and vegetables?
The Central Bureau of Statistics recorded 1.4% excluding energy and 1.5% excluding vegetables and fruit, both over the 12 months to September 2026.
Which prices rose most in September 2026?
The Central Bureau of Statistics recorded the largest monthly rise in fresh vegetables, at 6.6%, followed by education services at 0.8% and rent at 0.4%.
Which prices fell most in September 2026?
The Central Bureau of Statistics recorded the largest monthly falls in culture and entertainment, 2.7%, transport, 2.5%, and clothing and footwear, 0.9%.
What base does Israel’s CPI use?
The Central Bureau of Statistics publishes the index on a base of average 2024 = 100.0 points, which puts September 2026 at 105.3 points.
How much did university tuition rise with inflation for 2026/27?
The Council for Higher Education published a 1.546% rise, the CPI change from July 2025 to July 2026, taking a full bachelor’s year at state-budgeted institutions from NIS 12,017 to NIS 12,203.
How much have consumer prices risen in Israel since 2014?
The State Comptroller found that the CPI rose approximately 15.3% from January 2014 to December 2024. Over the same window, the Comptroller’s report records a rise of approximately 77.5% in the House Price Index.
Is the GDP deflator the same as inflation?
The Central Bureau of Statistics estimated a 2.1% rise in the GDP deflator for 2025. It prices domestic product over calendar 2025, while the CPI prices consumer goods and services month by month.
How fast did Israel’s economy grow in 2025?
The Central Bureau of Statistics estimated real GDP growth of 2.9% in 2025, in its second estimate, revised from 3.1% in the first.
Sources
- Central Bureau of Statistics, 2026. Consumer Price Index, September 2026. Media release 326/2026, 15 October 2026. https://www.cbs.gov.il/en/mediarelease/Madad/Pages/2026/Consumer-Price-Index-September-2026.aspx. Official or primary record.
- Central Bureau of Statistics, 2026. Israel’s National Accounts 2025: Second Estimate. Media release 073/2026, 10 March 2026, Hebrew. https://www.cbs.gov.il/en/mediarelease/Pages/2026/Israel-National-Accounts-2025-Second-Estimate.aspx. Official or primary record.
- Council for Higher Education, Planning and Budgeting Committee, 2026. Tuition at Higher Education Institutions Budgeted by the Planning and Budgeting Committee for the 2026/27 Academic Year. Notice of 18 August 2026, Hebrew. che.org.il. Official or primary record.
- State Comptroller of Israel, 2025. Real Estate Taxation and Israel’s Real Estate Information Infrastructure. English abstract. library.mevaker.gov.il. Official or primary record.
