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July increase in consumer price index brings Israel’s yearly inflation rate to 5.2%

A view of a construction site for new apartment buildings in the southern city of Beersheba on July 28, 2022. (Nati Shohat/Flash90)
A view of a construction site for new apartment buildings in the southern city of Beersheba on July 28, 2022. (Nati Shohat/Flash90)

The Central Bureau of Statistics reports that its consumer price index rose by 1.1 percent in July, causing the inflation rate to accelerate to 5.2% over the past year.

The price rises were spread across numerous sectors, including housing, fresh fruit, transportation and entertainment, among others. The latest rise in housing costs brings the yearly increase to 17.8%, the highest in over a decade.

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