Israel: Inflation rises to over one-year high in January
Latest reading: Inflation rose to 3.8% in January, following December’s 3.2%. January’s reading marked the highest inflation rate since September 2023, and was above market expectations. The rebound was broad-based, with greater price pressures recorded for food, transportation and communication, and education, culture and entertainment.
The trend pointed up slightly, with annual average inflation coming in at 3.2% in January (December: 3.1%). Meanwhile, core inflation rose to 3.8% in January from December’s 3.3%.
Lastly, consumer prices rose 0.59% from the previous month in January, swinging from the 0.30% fall seen in December. January’s figure was the highest reading since August 2024.