Inflation in Israel jumps to the highest level in 14 years

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The Central Bureau of Statistics said Monday that the index rose 1.1 percent in July from June, led by increases in Transportation prices And fresh fruit andHousing rentals.

meet Central Bank of Israel Next Monday is expected to raise interest rate The benchmark rose another half a percentage point to 1.75 percent, after a similar increase a month ago. Monetary policy makers raised the interest rate from 0.1 percent in April and are expected to reach around 3 percent by next year in an effort to curb inflation.

and still Inflation rate Much lower than levels recorded in the United States and the eurozone, which are 8.5 percent and 8.9 percent, respectively, but prices are rising at a rapid pace and sparking growing anger among Israelis. and became cost of living A major issue for the candidates ahead of the November 1 general elections.

On the other hand, official data showed that Unemployment rate in Israel It rose to 3.7 percent in July from 3.4 percent in June.

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The Central Bureau of Statistics said Monday that the index rose 1.1 percent in July from June, led by increases in Transportation prices And fresh fruit andHousing rentals.

meet Central Bank of Israel Next Monday is expected to raise interest rate The benchmark rose another half a percentage point to 1.75 percent, after a similar increase a month ago. Monetary policy makers raised the interest rate from 0.1 percent in April and are expected to reach around 3 percent by next year in an effort to curb inflation.

and still Inflation rate Much lower than levels recorded in the United States and the eurozone, which are 8.5 percent and 8.9 percent, respectively, but prices are rising at a rapid pace and sparking growing anger among Israelis. and became cost of living A major issue for the candidates ahead of the November 1 general elections.

On the other hand, official data showed that Unemployment rate in Israel It rose to 3.7 percent in July from 3.4 percent in June.

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