Israel: Inflation comes in at highest level since September 2011 in January
Consumer prices increased 0.20% over the previous month in January, slowing from December’s 0.29% increase. The result was primarily due to prices for housing increasing at a slower pace and falling prices for clothing.
Inflation increased to 3.1% in January, following December’s 2.8%. January’s figure represented the highest inflation rate since September 2011, and was above the Central Bank’s 1.0%–3.0% target range. Consequently, the trend pointed up, with annual average inflation coming in at 1.8% in January (December: 1.5%). Lastly, core inflation rose to 2.8% in January, from the previous month’s 2.6%.