Costs rose again for Israelis last month, driven by gas and flights, data shows

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Title : Costs rose again for Israelis last month, driven by gas and flights, data shows
Link : Costs rose again for Israelis last month, driven by gas and flights, data shows

Consumer prices increased in August, with Israelis facing higher costs for a range of goods and services, driven by a rise in fuel prices and a seasonal spike in airfares and travel costs, data published by the Central Bureau of Statistics shows.

On a monthly basis, the consumer price index (CPI) — a measure of inflation that tracks the average cost of household goods — rose by 0.7%, after increasing 0.3% in July. The August figure compared with analysts’ expectations for a spike of 0.7% to 0.9%.

The August data takes annual inflation over the past 12 months to 1.5%. Inflation remains well within the government’s target range of between 1% and 3%. (Read More)