Wed, 22 Sep 2021

JERUSALEM, Sept. 14 (Xinhua) -- Israel's annual inflation over the past 12 months increased by 2.2 percent, the highest in over eight years, the Israeli Bureau of Statistics said Tuesday.

This is the highest annual inflation recorded in the country since the same annual figure of 2.2 percent recorded in July 2013.

This is also the fourth month in a row that the Israeli annual figure reaches the annual government inflation target, ranging from 1 percent to 3 percent.

The figures also showed that since the beginning of 2021, Israel's inflation has increased by 2.3 percent.

Israel's consumer price index (CPI), a key gauge of inflation, rose by 0.3 percent in August, after registering a 0.4-percent increase in July.

August's rise was mainly due to a 2.6-percent increase in fresh fruits and vegetable prices, along with a 1.6-percent increase in culture and entertainment prices, while clothing and footwear prices decreased by 1.7 percent.

In June-July, home prices in Israel increased by 1.3 percent compared with the May-June period. Over the past year, the home prices rose by 8 percent.

More Palestinian News

Access More

Sign up for Palestinian News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!