Israel: Inflation rises in September to near-decade high
October 15, 2021
Consumer prices increased 0.20% over the previous month in September, coming in below August's 0.30% increase. September's result marked the weakest reading since June. Looking at the details of the release, education, culture and entertainment prices dropped in September compared to the previous month, while price pressures for transportation and communication were broadly stable.
Inflation increased to 2.5% in September from August’s 2.2%. September's result marked the highest inflation rate since November 2011, but was still within the Central Bank’s 1.0%–3.0% target range. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.7% in September (August: 0.4%). Finally, core inflation rose to 2.3% in September, from the previous month's 1.9%.
Author: Oliver Reynolds, Economist