Economic news
Israel inflation rate edges up to 5.4% in January, highest since 2008
2023.02.15 12:33
© Reuters. FILE PHOTO: A man carries his groceries through Mahane Yehuda market in Jerusalem, September 30, 2022. REUTERS/Amir Cohen
JERUSALEM (Reuters) – Israel’s inflation rate hit a 14-year high in January, rising 5.4% over the prior 12 months, the Central Bureau of Statistics said on Wednesday.
The rate was expected to remain at 5.3%, according to a Reuters poll of economists.
The consumer price index, in which the bureau slightly adjusted its basket weightings, rose 0.3% in January from December.
