Israel: Inflation rises in November
December 15, 2021
Consumer prices fell 0.10% in November over the previous month, swinging from the 0.10% rise recorded in October. November's result marked the weakest reading since January. The figure was primarily due to dropping prices for food. In addition, price pressures for education, culture and entertainment dropped after growing in the previous month. Finally, prices for clothing and footwear also dropped.
Inflation came in at 2.4% in November, up from October’s 2.3% but within the Central Bank’s 1.0%–3.0% target range. Annual average inflation rose to 1.2% in November (October: 1.0%). Lastly, core inflation edged down to 2.0% in November, from the previous month's 2.1%.
Author: Oliver Reynolds, Economist