Inflation is stable in October from the prior month

Latest reading: Consumer prices increased 2.5% on a year-on-year basis in October, unchanged from the previous month's reading and within the Bank of Israel’s 1.0–3.0% target range. Relative to the previous month's data, price pressures were higher for food in October (+4.1% in annual terms vs +3.0% in September). In contrast, there were reduced price pressures for transportation and communication (+1.6% vs +2.5% in September), education, culture and entertainment (+2.0% vs +2.8% in September) and clothing and footwear (-6.4% vs -5.9% in September). Meanwhile, core consumer prices rose 2.4% on a year-on-year basis in October, following a 2.6% rise in the prior month. Finally, consumer prices were up 0.48% in October on a month-on-month basis, following a 0.58% decline in the prior month.

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