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Israel’s annual inflation rate slows to 4.6% as price pressures cool in August

Illustrative: A worker stacks products at a supermarket in the Golan Heights town of Katzrin on September 12, 2022. (Michael Giladi/Flash90)
Illustrative: A worker stacks products at a supermarket in the Golan Heights town of Katzrin on September 12, 2022. (Michael Giladi/Flash90)

The Central Bureau of Statistics reports a 0.3 percent dip in the consumer price index last month, bringing down the yearly inflation rate to 4.6%.

The cooling inflation numbers from August come after the annual accelerated past 5% when monthly prices shot up in July at the fastest pace in over a decade.

Prices fell across all major categories tracked by the Central Bureau of Statistics in August except for residential housing, which is up a scorching 17.9% on the year.

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