Israel's annual inflation rate dramatically fell to a four-year low of 2.4 percent in November, according to the Central Bureau of Statistics. This marks a significant return to the government's target range of 1-3 percent, following a peak of 5.4 percent in January 2023.

• Inflation rate decreased to 2.4 percent in November, down from a peak of 5.4 percent in January 2023.
• Senior analyst Gad Lior attributes the decline to the strong shekel and weaker consumer spending.
• The central bank may postpone further interest rate cuts due to the absence of an approved 2026 state budget and ongoing political and military uncertainties.