August CPI reading down more than expected

Published date15 September 2022
Publication titleGlobes (Rishon LeZion, Israel)
The rate of inflation for the twelve months to the end of August was 4.6%, down from 5.2% for the twelve months to the end of July

The main contributor the the fall in the CPI in August was a 17.7% decline in fuel prices, which took 0.6% off the general index. The transport item fell 3.7% as a result.

The home rental item rose by 0.6%, but for the 15% of tenants renewing leases this year, rents have risen by 3.5%.

Home prices, which are not included in the CPI, rose...

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