Airfare Prices Hit Record Highs — Shocking Statistics

In July 2026, Israel's Consumer Price Index rose by 0.3% to 105.1 points. International flights and trips became 7.5% more expensive, and the number of departures abroad reached a record 1.15 million people. The forecast for August suggests an index increase of 0.6–1%.

In July 2026, Israel's Consumer Price Index rose by 0.3% compared to June, reaching 105.1 points. The most notable increase was in the cost of international flights and trips within Israel, up by 7.5%. The number of Israelis flying abroad grew by nearly 40%, reaching a record 1.15 million passengers. This surge in passenger traffic reflects a recovery in demand after a period of reduced flights, aided by a decrease in security tensions. Yoni Fanning, chief strategist at Bank Mizrahi-Tefahot, had previously warned that airfare prices could become a significant factor influencing the index during the summer months. He believes that the supply of flights has also increased, so the sharp price rise in July may slow down in August and even partially reverse. Accommodation, leisure, and travel services rose by 4.1% during the holiday period. The index excluding vegetables and fruits rose by 0.4%, excluding energy goods by 0.3%, and excluding housing costs it was unchanged. The cost of owner-occupied housing services increased by 0.7%, and rent by 0.3%. The forecast for August suggests an index increase of 0.6% to 1%, with the final trend depending on changes in airfare prices.