Israel's annual inflation highest in nearly a decade


Tel Aviv, Oct 16 (IANS): Israel's annual inflation increased by 2.5 per cent over the past 12 months, the highest in almost 10 years, the Israeli Bureau of Statistics said.

This is the highest annual inflation recorded in the state since an annual figure of 2.6 per cent recorded in November 2011, reports Xinhua news agency.

It is also the fifth month in a row that the Israeli annual figure hits the annual government inflation target, ranging from 1 per cent to 3 per cent.

The bureau added that since the beginning of 2021, Israel's inflation has risen by 2.5 per cent as well.

Israel's consumer price index (CPI), a major indicator of inflation, rose by 0.2 per cent in September, after registering a 0.3-per cent increase in August.

September's rise was mainly due to a 9.5 per cent increase in fresh vegetable prices, while accommodation, vacation and travel prices decreased by 15.4 per cent.

  

Top Stories


Leave a Comment

Title: Israel's annual inflation highest in nearly a decade



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image