Israel marks lowest inflation rate in five years

Israel recorded its lowest inflation rate in five years, with the Consumer Price Index (CPI) increasing by 1.2% from January to June, according to data released by the Central Bureau of Statistics on Wednesday. This figure represents no change from May and a 1.6% increase over the past 12 months. Significant price declines were observed in fresh vegetables and fruit (down 5.2%), clothing and footwear (down 2.7%), and transportation (down 0.7%). Conversely, prices rose in housing (0.7%), culture and entertainment (1%), and health (0.6%). New rental leases saw a 2.6% hike, with new tenants experiencing a 6.6% increase.