Israel: Inflation comes in at highest level since November 2023 in July
Inflation came in at 3.2% in July, up from June’s 2.9% and above the Bank of Israel’s 1.0–3.0% target range. July’s result marked the highest inflation rate since November 2023. The result was driven by rising price pressures for food, housing, and education, culture and entertainment.
The trend was unchanged, with annual average inflation coming in at June’s 3.1% in July. Meanwhile, core inflation ticked up to 2.9% in July from June’s 2.7%.
Lastly, consumer prices rose 0.56% from the previous month in July, accelerating from June’s 0.09% increase.