Consumer Price Index in Israel Decreased by 0.5% Last Month

SadaNews Economy Translation - The Central Bureau of Statistics in Israel announced on Monday evening a decrease in the Consumer Price Index for November by 0.5%, with the annual inflation rate dropping to 2.4% (compared to 2.5% in October).

The current index aligns with the preliminary estimates from analysts, and this figure is not expected to lead to an additional interest rate cut in the upcoming decision, given the continuing rise in inflation. This was reported by the Hebrew economic newspaper Calcalist and translated by SadaNews Economy.

Notable price decreases were recorded in the following categories: fresh vegetables and fruits by 4.1%, culture and entertainment by 2.5%, transportation and communications by 1.6%, and furniture and household appliances by 1.1%. In contrast, significant increases were noted in food prices by 0.4%.

Regarding the rent item, an increase of 2.8% was registered for tenants who renewed their contracts, while an increase of 4.7% was recorded for new tenants.

Alongside the Consumer Price Index, the Central Bureau of Statistics published an analysis of apartment prices for September and October, where the analysis indicated a decrease of 0.5% compared to August and September.

This is the eighth consecutive report recording a decrease in apartment prices, with a downward trend starting in February. Since then, the cumulative price drop has reached 2.6%.

On an annual comparison (September-October 2025 compared to September-October 2024), a slight increase in prices of 0.1% was observed, as apartments are currently selling at an average selling price similar to that of last year, which represents a real decrease in apartment prices considering the Consumer Price Index rose by 2.5% during this period.

Regionally, Jerusalem alone recorded an increase in prices (1.4%) during September and October compared to August and September, while other regions experienced price declines: the south by 2.1%, Tel Aviv by 1.1%, Haifa by 0.6%, the center by 0.4%, and the north by 0.2%.

The air travel sector is the main reason for the decrease, experiencing a decline of about 5.6%, which reduces the overall index by approximately 0.27%.

As for fuel, prices were expected to decrease, with a slight upward correction anticipated in December; however, with the continued rise in the value of the shekel, a decrease in crude oil prices, and a relatively moderate profit margin in refining, further moderation is likely to be observed in January.