Israel: Inflation falls to lowest level since July in October
Inflation inched down to 3.7% in October, easing slightly from September’s 3.8% but still above the Bank of Israel’s 1.0–3.0% target range. October’s figure marked the lowest inflation rate since July. Looking at the details of the release, the softer rise in prices was due to more moderate inflation for transport and communication.
Annual average inflation fell to 4.6% in October (September: 4.7%). Meanwhile, core inflation fell to 3.5% in October, from September’s 3.7%.
Finally, consumer prices rose 0.48% over the previous month in October, swinging from September’s 0.10% fall.