Israel’s consumer inflation cooled further in June 2026, with the year-over-year Consumer Price Index (CPI) reading slowing to 1.6%, down from 1.9% in May 2026. The latest data, updated on 15 July 2026, point to a continued moderation in price pressures compared with the same period a year earlier.
The figures are based on year-over-year comparisons, meaning the June 2026 CPI reflects the change in prices relative to June 2025, while the May 2026 reading measured prices relative to May 2025. The step down from 1.9% to 1.6% suggests that inflationary momentum is easing, which may influence expectations around monetary policy and household purchasing power in the coming months.
With inflation now lower than in the previous month on this annual basis, markets and policymakers will be watching incoming data to see whether this deceleration in consumer prices consolidates or stabilizes around current levels in the second half of 2026.
