Israel's annual inflation rate eased to 1.6% in June 2026, the lowest since May 2021, down from 1.9% in May and in line with the central bank's 1%-3% target. Price pressures softened for food, including vegetables (1.6% vs. 2.6%), and education, culture, and entertainment (1.4% vs. 1.5%), while transportation and communication prices fell 0.3%, reversing a 0.8% increase in the previous month. Deflation deepened slightly for furnishings and household equipment (-3.7% vs. -3.6%), while inflation for dwelling maintenance was unchanged at 1.8%. In contrast, housing inflation accelerated to 4.2% from 4%, and health costs rose 1.8% after a 1.6% increase. Meanwhile, deflation for clothing and footwear eased to 5.9% from 6.7%. On a monthly basis, consumer prices were unchanged in June, following a 0.3% decline in May. source: Central Bureau of Statistics, Israel

Inflation Rate in Israel decreased to 1.60 percent in June from 1.90 percent in May of 2026. Inflation Rate in Israel averaged 26.34 percent from 1952 until 2026, reaching an all time high of 486.20 percent in November of 1984 and a record low of -2.70 percent in March of 2004. This page provides the latest reported value for - Israel Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Inflation Rate in Israel decreased to 1.60 percent in June from 1.90 percent in May of 2026. Inflation Rate in Israel is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Inflation Rate is projected to trend around 1.70 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-15 03:30 PM
Inflation Rate YoY
May 1.9% 1.9% 2% 2.5%
2026-07-15 03:30 PM
Inflation Rate YoY
Jun 1.6% 1.9% 1.8%
2026-08-14 03:30 PM
Inflation Rate YoY
Jul 1.6%


Related Last Previous Unit Reference
Consumer Price Index CPI 104.80 104.80 points Jun 2026
Core Consumer Prices 104.90 104.80 points Jun 2026
Core Inflation Rate 1.65 1.85 percent Jun 2026
CPI Housing Utilities 108.10 107.30 points Jun 2026
CPI Transportation 101.50 102.20 points Jun 2026
Export Prices 110.80 109.20 points Dec 2025
Food Inflation 1.60 2.60 percent Jun 2026
Import Prices 119.40 119.60 points Dec 2025
Inflation Rate YoY 1.60 1.90 percent Jun 2026
Inflation Rate MoM 0.00 -0.30 percent Jun 2026
Producer Prices 120.60 121.60 points Jun 2026


Israel Inflation Rate
In Israel, the most important categories in the consumer price index are Housing (25 percent of the total weight); Transport and Communication (18 percent); and Food (18 percent). The index also includes: Education, Culture and Entertainment for 11 percent and Dwelling Maintenance for 9 percent. Miscellaneous Goods and Services for 6 percent; Health for 6 percent; Furniture and Household Equipment 4 percent; and Clothing and Footwear for 3 percent.
Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 486.20 -2.70 1952 - 2026 percent Monthly
2022=100

News Stream
Israel Inflation Rate at 2021-Lows
Israel's annual inflation rate eased to 1.6% in June 2026, the lowest since May 2021, down from 1.9% in May and in line with the central bank's 1%-3% target. Price pressures softened for food, including vegetables (1.6% vs. 2.6%), and education, culture, and entertainment (1.4% vs. 1.5%), while transportation and communication prices fell 0.3%, reversing a 0.8% increase in the previous month. Deflation deepened slightly for furnishings and household equipment (-3.7% vs. -3.6%), while inflation for dwelling maintenance was unchanged at 1.8%. In contrast, housing inflation accelerated to 4.2% from 4%, and health costs rose 1.8% after a 1.6% increase. Meanwhile, deflation for clothing and footwear eased to 5.9% from 6.7%. On a monthly basis, consumer prices were unchanged in June, following a 0.3% decline in May.
2026-07-15
Israel Inflation Rate Steady at 1.9% in May
The annual inflation rate in Israel stood at 1.9% in May 2026, remaining unchanged from the last two months, bellow market expectations of a 2% increase and staying within the Bank of Israel’s 1%–3% target band for ten consecutive months. Upward price pressures were mainly due to housing (4.0% vs 3.3%) and education, culture and entertainment (1.5% vs 1.4%). Meanwhile, inflation eased in several categories, including food, including vegetables (2.6% vs 2.8%), health (1.6% vs 1.7%) and transport & communications (0.8% vs 0.9%). Deflation deepened for household equipment (-3.6% vs -3.2%), while clothing and footwear prices remained lower (-6.7%). On a monthly basis, consumer prices declined 0.3% in May, reversing a 1.2% rise in the previous month.
2026-06-15
Israel Inflation Rate Holds Steady at 1.9% in April
Israel's annual inflation rate stood at 1.9% in April 2026, unchanged from March and staying within the Bank of Israel’s 1%–3% target band for nine consecutive months. Prices slowed further for housing (3.3% vs 3.8% in March) and health (1.7% vs 1.9%), while decreasing for clothing and footwear (-6.7% vs -7.8%) and furniture and household equipment (-3.2% vs -3.9%). Conversely, stronger increases were seen for some CPI items, including miscellaneous goods & services (3.8% vs 3.5%); food, including vegetables & fruits (2.8% vs 2.5%); education, culture and entertainment (1.4% vs 0.7%) and transport & communications (0.9% vs 0.7%). On a monthly basis, the CPI rose by 1.2%, the most since April 2008, accelerating from a 0.4% increase in March.
2026-05-15