August 16, 2023
1 min read

Israel’s year on year inflation falls to 3.3% in July

Home prices in Israel decreased in May-June by 0.2 pe rcent compared to April-May…reports Asian Lite News

Israel’s year-on-year 12-month inflation decreased to 3.3 per cent in July, the lowest rate since January last year, according to data released by the country’s Central Bureau of Statistics.

The 12-month figure soared to 5.4 per cent in January 2023, the highest in over 14 years, but has since gradually declined, Xinhua news agency reported citing the bureau data.

A gradual increase of the base interest rate by Israel’s central bank, from 0.1 per cent in April 2022 to 4.75 per cent in May 2023, helped curb inflation.

Accordingly, the bank decided in July to keep the interest rate unchanged, after 10 consecutive raises.

On a monthly basis, Israel’s consumer price index rose by 0.3 per cent in July compared to June, with the prices of fresh fruits and vegetables recording a 3.4 per cent increase.

Home prices in Israel decreased in May-June by 0.2 pe rcent compared to April-May.

This was the third consecutive decrease after rising for nearly three years.

Annually, Israel’s home prices in May-June 2023 increased by 5.2 per cent compared to the same months in 2022, the lowest annual increase in 2.5 years.

ALSO READ-Inflation concerns shake Fed’s rate plans in US

Previous Story

Mahindra’s new electric SUV: vision Thar.e breaks cover

Next Story

My Hindu faith guides me, Sunak  

Latest from -Top News

London Puts Beijing on Hold

The proposed embassy, earmarked for the site of a historic two-century-old building near the Tower of London, has been bogged down in dispute for more than three years…reports Asian Lite News The

Fiji PM Rabuka Begins First India Visit

The visit comes just weeks after India and Fiji held the 6th round of Foreign Office Consultations (FOC) in Suva, Fiji, in July 2025….reports Asian Lite News Fiji’s Prime Minister Sitiveni Ligamamada

Modi all set for Japan, China visits

By travelling to both Tokyo and Tianjin within the span of a week, Modi is set to balance strategic partnerships with Japan and cautious engagement with China – two relationships that will
Go toTop

Don't Miss

Israel’s first interfaith to UAE attends Tolerance event at Expo 2020

The first official interfaith delegation from Israel to the UAE

India Welcomes Israel-Lebanon Ceasefire

Over the last one year, Prime Minister Narendra Modi had