Today: 24 August 2025
16 August 2023
1 min read

Israel’s year on year inflation falls to 3.3% in July

Home prices in Israel decreased in May-June by 0.2 pe rcent compared to April-May…reports Asian Lite News

Israel’s year-on-year 12-month inflation decreased to 3.3 per cent in July, the lowest rate since January last year, according to data released by the country’s Central Bureau of Statistics.

The 12-month figure soared to 5.4 per cent in January 2023, the highest in over 14 years, but has since gradually declined, Xinhua news agency reported citing the bureau data.

A gradual increase of the base interest rate by Israel’s central bank, from 0.1 per cent in April 2022 to 4.75 per cent in May 2023, helped curb inflation.

Accordingly, the bank decided in July to keep the interest rate unchanged, after 10 consecutive raises.

On a monthly basis, Israel’s consumer price index rose by 0.3 per cent in July compared to June, with the prices of fresh fruits and vegetables recording a 3.4 per cent increase.

Home prices in Israel decreased in May-June by 0.2 pe rcent compared to April-May.

This was the third consecutive decrease after rising for nearly three years.

Annually, Israel’s home prices in May-June 2023 increased by 5.2 per cent compared to the same months in 2022, the lowest annual increase in 2.5 years.

ALSO READ-Inflation concerns shake Fed’s rate plans in US

Previous Story

Mahindra’s new electric SUV: vision Thar.e breaks cover

Next Story

Brazil, UAE seek to deepen trade, investment ties

Latest from -Top News

‘FAMINE’

UN Secretary-General Antonio Guterres says living situation in Gaza can be described as “famine”…reports Asian Lite News United Nations (UN) Secretary-General Antonio Guterres said that the word “famine” could be used to

Ban Coal Exports to Israel

More than 100 pro-Palestine activists launched protests on Thursday in three major South African cities, calling on the government to ban coal exports to Israel…reports Asian Lite News Pro-Palestine activists are pictured

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin
Go toTop

Don't Miss

Israel to spare Iran nuclear, oil assets

Israeli Prime Minister Benjamin Netanyahu reassured US President Joe Biden

Israel threatens to halt humanitarian aid to Gaza if rocket attacks continue

Israeli Defense Minister Benny Gantz threatened on Tuesday to halt