Israel Central Bureau of Statistics releases August CPI at 0.7% month-on-month, 1.5% year-on-year
Published · Updated
What happened
Israel’s Central Bureau of Statistics published August CPI data showing a 0.7% monthly increase in consumer prices and 12-month inflation of 1.5%. The release came in the past 24 hours and provides the latest official inflation reading before the Bank of Israel’s next policy deliberations.
Why it matters
A new CPI release changes the immediate macro baseline because it feeds directly into rate expectations, shekel pricing, bond yields, wage bargaining, and budget assumptions. With annual inflation still inside target but the monthly rise running above a calm profile, markets and policymakers now have new evidence to weigh on whether easing should proceed quickly or pause.
On September 15, 2026, Israel’s Central Bureau of Statistics published the August Consumer Price Index showing prices rose 0.7% from July while 12-month inflation remained at 1.5%. The annual rate stayed within the Bank of Israel’s target range, but the monthly print was higher than a benign baseline and may affect expectations for the timing of any further rate cuts. For the prime minister and economic ministers, the release resets the near-term policy backdrop for fiscal messaging, wage demands, and coordination with the central bank ahead of the next policy window.
Watch for
Bank of Israel market-operations or research note on inflation implications by 2026-09-18 Tel Aviv Stock Exchange government bond yield moves after the next trading session on 2026-09-17 Shekel-dollar rate at the Bank of Israel representative exchange rate release on 2026-09-17 Israeli interest-rate swaps pricing for the next Bank of Israel decision by 2026-09-18
Sources
- Consumer Price Index for August 2026 · cbs.gov.il
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