Israel’s consumer price index (CPI) fell by 0.3% month-over-month in January 2026, moving into negative territory after remaining flat at 0.0% in December 2025. The data, updated on 15 February 2026, marks a shift from stable prices at the end of last year to a modest decline at the start of the new year.
The January reading, measured on a month-over-month basis, compares the change in prices from January to December, while the previous figure reflects the change from December to November. The move from 0.0% to -0.3% suggests emerging disinflationary pressure in Israel’s economy, with prices overall slightly lower than in the prior month.
Although the data does not detail category-level drivers, the negative print may prompt closer scrutiny from policymakers and markets, as a continued downward trend in consumer prices could influence expectations for future monetary policy and broader economic momentum.
