Israel's Consumer Price Index increased by 0.4% in July 2025, aligning with analyst expectations and bringing annual inflation down to 3.1%. This figure moves inflation closer to the upper limit of the central bank's target range. Notable price increases were seen in transport, culture, and housing maintenance, while declines occurred in clothing, fresh produce, and household goods. Meanwhile, home prices, which are not included in the general index, fell for the fourth consecutive month, dropping by 0.5% between April-May and May-June 2025. Despite the recent monthly declines, housing prices are still up 2.5% compared to the same period last year.