Israel: Inflation drops in October
November 15, 2021
Consumer prices rose 0.10% in October over the previous month, coming in below September's 0.20% increase. October's result marked the weakest reading since January. Looking at the details of the release, prices for food rose in October. However, prices for transportation and communication dropped after growing in the previous month.
Inflation inched down to 2.3% in October, from September’s 2.5%, still within the Central Bank’s 1.0%–3.0% target range. Meanwhile, the trend pointed up, with annual average inflation coming in at 1.0% in October (September: 0.7%). Lastly, core inflation fell to 2.1% in October, from September’s 2.3%.
Author: Oliver Reynolds, Economist