Israeli Consumer Prices Rise In November

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Consumer prices in Israel increased 3.8% year-on-year in November, well outside the Bank of Israel's inflation target range of 1%-3%, the Central Bureau of Statistics reported on Tuesday. Economists had expected a 3.7% rise in prices.

The statistical agency said that prices of fuel, clothing, and housing expenses were on the rise in November, while the prices of footwear and water decreased.

On a monthly basis, consumer prices climbed 0.3% in November, in line with expectations.

Consumer prices in Israel increased 3.8% year-on-year in November, well outside the Bank of Israel's inflation target range of 1%-3%, the Central Bureau of Statistics reported on Tuesday. Economists had expected a 3.7% rise in prices. (Market News Provided by RTTNews)