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Israel's annual inflation rate rises above 5%

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BM.GE
17.11.22 21:00
369
Israel's Consumer Price Index (CPI) rose by 0.6% in October, the Central Bureau of Statistics reported, at the upper end of analysts' expectations.

The rate of inflation for the twelve months to the end of October has risen to 5.1%, from 4.6% in the twelve months to the end of August.

The main contributor to the rise in the CPI in October was a 4.1% rise in fresh fruit and vegetables, while clothing and footwear rose by 4%, and food rose by 1%, transport prices rose by 0.6%, and home maintenance rose by 0.4%.

Home prices, which are not included in the CPI, rose by 1.1% in August-September in comparison with July-August, completing a 19.8% year-on-year rise. This rise was above analysts' expectations of 0.4%-0.6%, Globes reports.