Inflation rate in Israel rose to 3.5%

The Central Bureau of Statistics reported an increase in the consumer price index in Israel in February 2022 by 0.7%, higher than analysts’ forecasts, which had expected growth of 0.5%.

The inflation rate since the beginning of the year was 0.9%, and over the past 12 months – 3.5%, which is a record high since 2009.

The main items of the rise in prices are vegetables and fruits (5.3%), transport (1.9%), expenses for the maintenance of an apartment (1.1%) and food (0.6%). Clothes and footwear fell in price by 2.6%.

It should be emphasized that we are talking about the February rise in prices, announced back in December-January, which were superimposed on rising oil prices. The rise in prices associated with the war in Ukraine will fall into the March index, which will be published on April 15.

By Editor

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