NIS reported an annual average inflation of 12.4% and a significant jump in food and fuel prices

Year-to-date inflation (September 2023 versus December 2022) is 3.6%, and average annual inflation for October 2022-September 2023 versus the same period a year earlier is 12.4%. In September 2023, monthly inflation was -0.1% from the previous month and annual inflation for September 2023 versus September 2022 was 6.3%.

In the month that students and teachers return to classrooms, statistics report a 4% increase in education prices.

In September 2023, the prices of most food products increased, the National Institute of Statistics reports /NIS/.

In the pickle and winter vegetables season, the price of cabbage rose 7.9%, while vegetables such as green beans, courgettes and aubergines rose 4.6%. Minced meat and dairy products rose by 1% or less.

Fuel prices are also jumping. In the month under review, diesel rose by 6.2% and the most common petrol, A95H, rose by 4.5%.

In September 2023, there was a 0.7% increase in prices of medicines. The prices of medical and dental services increased by 0.6 and 0.1 percent, respectively.

In September 2023, the prices of hotel services in holiday centres and resorts decreased. The decrease was 32.5%, while the decrease in package holiday and tour services was 21.1%. / BGNES