Israel's inflation rate jumps to 5.1% in October

Israel
# 15 November 2022 21:53 (UTC +04:00)

Israel's inflation rate rose a more than expected 5.1% in October over the prior 12 months from 4.6% in September, which is likely to garner a strong response from the Bank of Israel next week, APA reports citing Reuters.

The consumer price index (CPI) rose 0.6% in October from September, the Central Bureau of Statistics said on Tuesday.

The CPI was forecast to have risen 0.5% on the month and 5.0% over the past year, according to a Reuters poll of economists.

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THE OPERATION IS BEING PERFORMED