Monday, 06 December 2021 03:19 GMT

Israel's annual inflation up 2.5 pct, highest in nearly decade


(MENAFN- Trend News Agency )

Israel's annual inflation increased by 2.5 percent over the past 12 months, the highest in almost 10 years, the Israeli Bureau of Statistics said Friday, Trend reports citing Xinhua .

This is the highest annual inflation recorded in the state since an annual figure of 2.6 percent recorded in November 2011.

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

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

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

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

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