JERUSALEM, Mar 16 (NNN-PNA) – Israel’s year-on-year inflation hit 3.5 percent in Feb, reaching a decade high, the regime’s Bureau of Statistics said yesterday.
The bureau said, this is the highest year-on-year inflation recorded in the regime, since June, 2011, when the inflation rate reached 4.2 percent.
The country’s consumer price index (CPI) rose to 103.5 in Feb, the bureau added.
The rise in Feb was mainly driven by a 5.3-percent increase in prices of fresh vegetables and fruits, it said.
Moreover, the prices of real estate saw a year-on-year increase of 13 percent, in the cycle of Dec, 2021 – Jan, 2022, also reaching a decade record.– NNN-PNA
