Israel’s Consumer Price Index (CPI) declined by 0.5% month-over-month in September 2026, marking a sharp reversal from August’s 0.7% increase, according to data updated on 15 October 2026. The move into negative territory highlights a notable cooling in price pressures over a single month.
On a month-over-month basis, the latest reading shows that prices in September fell compared with August, whereas the previous indicator reflected a relatively strong rise in August versus July. The shift from +0.7% to -0.5% suggests a rapid change in short-term inflation dynamics and will likely factor into market expectations around monetary policy and economic momentum in Israel.
The figures are based on standard month-over-month comparisons: the “actual” September result compares price changes in September to August, while the “previous” August figure reflects price changes in August relative to July.