Israel: Inflation comes in at highest level since June 2011 in February
Consumer prices increased 0.68% from the previous month in February, accelerating from January’s 0.19% increase. February’s uptick was the highest reading since May 2019. The reading was driven by rising prices for food and fresh produce, transportation and communication, and energy, though clothing experienced a price drop.
Inflation came in at 3.5% in February, which was up from January’s 3.1%. February’s figure represented the highest inflation rate since June 2011. Annual average inflation rose to 2.1% in February (January: 1.8%). Lastly, core inflation ticked up to 3.0% in February, from January’s 2.8%.