Israel's annual inflation falls to 1.1% in October, housing prices continue decline

Israel's Central Bureau of Statistics reported a 0.1% monthly drop in the Consumer Price Index for October, against forecasts of a rise. Annual inflation stands at 1.1%. Housing prices fell 0.2% in August-September compared to July-August, with an annual decline of 1.5%.

The Central Bureau of Statistics released today (Sunday) the Consumer Price Index data for October, showing a 0.1% decline, contrary to economists' forecasts of a 0.3% rise. As a result, Israel's annual inflation stands at just 1.1%, compared to forecasts of 1.5%. Meanwhile, apartment prices continue to fall: in August-September, prices dropped by 0.2% compared to July-August, and on an annual basis, a 1.5% decline was recorded. However, regional breakdown shows a 0.4% increase in the north and a stronger 0.8% increase in Haifa.