JERUSALEM, Aug. 15, 2022 (Xinhua) Israel’s year-on-year inflation reached 5.2 percent in July, the highest level since October 2008, according to figures released by the country’s Central Bureau of Statistics today (Monday).
This is the sixth consecutive month that the 12-month CPI has risen above the government’s target range of 1 to 3 percent.
The monthly inflation rate in Israel in July was 1.1 percent, down from 0.4 percent in June, mainly due to an 8.5 percent increase in fresh fruit prices and 3.3 percent in transportation prices.
Israeli analysts estimated that persistently high inflation would cause the Bank of Israel to raise the country’s key interest rate for the fourth time in a row on August 22. /ts/
Related posts:
Is the bull run finally back now that Bitcoin has passed $30,000?
The dirham fell 1.75% against the dollar between September and October (BAM)
they had no information, then looked on the internet...
Cryptocurrency prices.. A jolt in the crypto market, ravaging gains
Restoration and nightlife expect to bill 60 million euros
455 billion dirhams in capital and reserves of UAE banks at the end of July
After Elon Musk's purchase of "Twitter"... What are the implications of the platform's exit from the...
"US debt ceiling crisis: Warning of recession and job losses"