Israel’s consumer price index (CPI) ticked higher in September 2026, with the annual inflation rate reaching 1.6% year-over-year, up from 1.5% in August 2026. The figures, updated on 15 October 2026, show a modest acceleration in price growth when comparing September’s CPI to the same month a year earlier.
Both the current and previous readings are based on year-over-year comparisons: the September 1.6% figure reflects the change versus September of the prior year, while the August 1.5% rate measured prices against August a year earlier. The slight uptick suggests inflationary pressures remain contained but are gently firming, a dynamic that may be closely watched by policymakers and financial markets as they assess the trajectory of Israel’s price stability and potential implications for interest rate decisions.