Inflation in Israel over the past fiscal year was 4% - the highest since 2011, the Central Bureau of Statistics announced Sunday.
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Meeting analysts' expectations, the Consumer Price Index rose 0.8% in April, but the figure did not meet the government's target range of 1-3%.
The CPI was driven up by price hikes in fresh produce (5.5%), clothing (2.8%), transportation (2.8.%), and entertainment (1.5%)
Home prices rose by 16.3% rise in twelve months, while the Construction Inputs Index rose by 6.8% over the past fiscal year.
According to the CBS, the price hike was highest in central Israel – 18.5% on a year-on-year average – followed by Jerusalem (16.7%), Tel Aviv (16%), Haifa (14.9%), and Israel (13.8%), and southern Israel (12.3%). The prices of new homes rose by 20.7% overall in the past 12 months.
Last week, the Finance Ministry pegged Israel's fiscal deficit for the 12 months that ended in April at 0.6% of GDP.
Since the onset of 2022, Israel has recorded a fiscal surplus of NIS 31.4 billion, according to financial daily Globes.
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