FX.co ★ Israel’s Consumer Prices Rebound in February, Ending Brief Deflation Streak

Israel’s Consumer Price Index (CPI) ticked back into positive territory in February 2026, rising 0.2% month-over-month, according to data updated on 15 March 2026. The move follows a 0.3% month-on-month decline in January 2026, signaling a modest rebound in consumer prices after a brief bout of deflation.

On a month-over-month basis, February’s 0.2% increase marks a clear turnaround from January’s -0.3% reading, which had reflected a contraction in price levels compared with December. The latest figures indicate that price pressures have stabilized, with the February data showing a resumption of mild inflation rather than a continued slide in prices.

The comparison framework underscores the shift: the “actual” figure for February captures the change in prices relative to January, while the “previous” figure reflects January’s change against December. With the CPI now back in positive territory, markets and policymakers will be watching subsequent releases closely to determine whether February’s uptick marks the start of a more sustained inflation trend or a brief correction following January’s decline.