JERUSALEM, Aug. 14 (Xinhua) — Israel’s annual inflation has dropped over the past 12 months by 0.6 percent, the state’s Bureau of Statistics said on Friday.
This rate is much below the annual government inflation target ranging from 1 percent to 3 percent.
Since the beginning of 2020, Israeli inflation has decreased by 0.6 percent as well.
According to the bureau, Israel’s consumer price index, a key gauge of inflation, increased by 0.2 percent in July month on month, after registering a 0.1-percent decrease in June.
July’s figure was mainly due to increases in prices of fresh fruits, culture and entertainment, and transportation, while a significant 5.9-percent decrease was recorded in prices of clothing and footwear. Enditem
LINK ORIGINAL: Xinhuanet