The Consumer Price Index for August rose by 0.7%, but since the index rose by 0.9% in the corresponding month last year, annual inflation dropped to 2.9%. It is now within the target set for 2025 – 1%-3%, which may allow the Bank of Israel to reduce interest rates for the first time since January 2024. Additionally, comparing transaction prices conducted in June-July 2025 to those in May-June 2025 shows that housing prices decreased by 0.2%. Year-over-year comparison indicates that housing prices increased by only 1.6%.
Annual inflation drops to 2.9%, housing prices continue to decline
Gad Lior, Hila Tsion|
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