FX.co ★ Israel’s CPI Quickens to 0.7% MoM in August, More Than Doubling July’s Pace

Israel’s consumer price inflation accelerated in August 2026, with the Consumer Price Index (CPI) rising 0.7% month-over-month, up from a 0.3% increase in July 2026. The latest data, updated on 15 September 2026, indicate a notable month-on-month pickup in price pressures.

On a month-over-month basis, the “actual” August reading compares the change in prices from August to July, while the “previous” July figure captures the change from July to June. The move from 0.3% to 0.7% suggests that price growth gained momentum as the summer progressed, signaling a stronger short-term inflation pulse in Israel’s economy heading into the autumn period.