If you work in Israeli real estate or finance, timing is leverage. Get the release windows right and you publish first, price risk early, and look like you knew it all along. Get them wrong and you recycle stale numbers while the market moves without you. Here is the clock that runs Israel.
What to Know Right Now
- CBS price indices are scheduled for the 15th at 18:30, with Friday or holiday exceptions at 14:00.
- BoI posts a quarterly publication calendar and updates price index pages around CBS releases.
- VAT reporting is due on the 15th, with some processes on the 16th.
- ILA land tenders are continuous, discoverable through the gov tender portal.
- Tabu extracts are on demand with digitally signed output.
CBS CPI: What time is the release, and what are the quirks?
publishes main price indices on the 15th at 18:30 Israel time. If the 15th falls on Friday or Saturday, or coincides with a holiday or holiday eve, publication moves to Friday at 14:00. Plan your checks around this rule first.
Morning release in 2026? The proposal you cannot ignore
considered shifting CPI publication to 10:00 on the 15th. As of today, the CBS page still states 18:30 with the Friday or holiday exception. Build your systems to handle either, since a switch could land midyear.
BoI follow-through: When do the central bank pages update?
maintains a schedule of publications and refreshes price index pages in line with CBS releases. Treat BoI statistics as a same-day mirror with occasional lags when metadata or tables roll out. Always gate on freshness headers before pushing updates.
VAT cadence: Why the 15th and 16th matter for monthly flows
The Tax Authority sets VAT filing and payment around the 15th, with certain processes falling on the 16th. This creates mid-month bursts in reporting, settlements, and back-office liquidity that can spill into transactional pipelines.
ILA tenders: Continuous but spiky discovery
post continuously on the government portal. There is no single “release day,” so your edge is a lightweight poller that checks metadata for changes rather than redownloading full tender packets.
Tabu extracts: Always on, so act like it
offers on-demand, digitally signed extracts. Treat responses as live state snapshots and fingerprint them by checksum. Alert only when the extract’s hash changes or when the title register shows a new entry.
A freshness model you can trust
Build around HTTP ETag and Last-Modified. Do a fast HEAD request first. If neither changes, do not publish. If either changes, fetch, parse, and store a signed artifact with the server timestamp as your truth source.
Holiday and Friday math that saves you rework
Estimate early-release probability using a simple calendar model. The 15th lands on Friday or Saturday about 2 months out of 7 across long runs, or roughly 3 to 4 months each year. Add Jewish holiday eves that sometimes cluster near mid-month and your alert volume needs flexible windows. Note: This is an estimate for planning, not a legal schedule.
A CPI-day runbook that does not miss
Set two guarded windows on the 15th. Window A at 13:50 to catch a Friday or holiday eve early release. Window B at 18:28 for the regular slot. In both, poll CBS with HEAD for a new ETag or Last-Modified, then fetch and publish only on change.
Original calculations that make this operational
Stale-post risk reduction
- Naive schedule-only publishing: assume 20 percent of months hit an exception. Expected stale or late posts: 0.20.
- With ETag gating: assume 1 percent network or header anomalies. Expected stale posts: 0.01.
- Relative improvement: about 95 percent reduction, for illustration.
Latency budget
- HEAD check every 30 seconds across a 10 minute window creates 20 pings.
- If each HEAD is 50 ms median, total link time is about 1 second of compute load.
- This scales easily across dozens of endpoints with negligible cost.
Holiday coverage sizing
- Using the 2-of-7 weekday estimate, expect about 3 to 4 early-release months annually.
- Staff one lightweight standby for those months.
- Add buffers near major holidays that overlap Gregorian mid-month, noted in your internal calendar.
Comparison Table
| Institution | Typical window | What to watch | Freshness signal to gate on |
|---|---|---|---|
| CBS | 15th at 18:30, Friday or holiday eve at 14:00 | CPI and main price indices | ETag or Last-Modified on index page and release files |
| BoI | Same day around CBS releases per update stamps | Price index tables and dashboards | Page update stamp plus ETag on data files |
| Tax Authority | VAT obligations around 15th to 16th | Filing surges and settlement timing | Official deadline pages and form timestamps |
| ILA | Continuous tenders | New parcel tenders and updates | Tender list JSON or page ETag changes |
| Tabu | On-demand digital extract | Title changes per property | Download checksum change and timestamp |
Each channel has a distinct cadence. Publishing reliably means pairing correct windows with machine-verifiable freshness so you never post stale numbers.
A three-step checklist for dependable publishing
- Poll with HEAD first, only fetch on ETag or Last-Modified change.
- Keep three CPI windows ready: 13:50, 18:28, and 09:58 as a contingency if mornings begin.
- Store the server timestamp with the artifact and display that timestamp in your byline.
Glossary
- CBS: Israel Central Bureau of Statistics. Publishes CPI and other official indices.
- BoI: Bank of Israel. Publishes schedules and economic statistics linked to CBS outputs.
- ETag: An HTTP header that changes when a resource changes. Ideal for freshness checks.
- Last-Modified: HTTP header showing the server’s timestamp for the resource’s last change.
- Tabu: Common name for Israel’s land registry extract service.
- ILA: Israel Land Authority. Publishes land tenders and parcel information.
Methodology
I relied on official sources for schedules and obligations: CBS release times for price indices, BoI schedule and index pages, Israel Tax Authority VAT timing, ILA tender portal details, and Tabu extract documentation. I added original planning estimates for early-release frequency, staffing, and stale-post risk. Where I modeled outcomes, I labeled them as estimates.
FAQ
Is the 10:00 CPI release confirmed?
Not as of today. Reuters reported the proposal. The CBS page still states 18:30 with Friday or holiday exceptions. Build for both.
Do CPI figures get revised later?
The CBS policy is that CPI results are final when first published. That is why freshness gating is enough without secondary revision checks.
How should I handle Friday or holiday eves?
Add the 13:50 window, then gate on ETag or Last-Modified. If no change, do not publish. If there is a change, fetch, parse, and post with the server timestamp.
Can I rely on BoI pages instead of CBS on CPI day?
BoI pages often reflect updates on CPI day. They are a good secondary confirmation, but CBS remains the primary source for release timing.
How often should I poll ILA tenders or Tabu?
For tenders, daily polling with freshness checks is enough for most teams. For Tabu on a specific property, poll only when a legal milestone approaches or when a seller signals movement.
Wrap-up
Israel’s data clocks are knowable, and the path to clean publishing is simple. Anchor to CBS rules, mirror through BoI, respect Tax Authority mid-month pressure, and automate ILA and Tabu with low-noise freshness checks. Build once, add windows for exceptions, and let your systems do the waiting.
Key Points To Carry Forward
- CBS is the anchor, with 18:30 releases and a 14:00 Friday or holiday exception.
- Morning CPI is a live possibility, so code for it now.
- Gate everything on HTTP freshness headers to avoid stale posts.
- VAT mid-month cycles affect ops and liquidity.
- ILA and Tabu are continuous, so poll lightly and only publish on change.
