Year-on-year inflation accelerates to 3.6% in August from 3.2 per cent.
Inflation is now significantly above the country’s target.

The inflation rises to 3.6 per cent and the August 2024 budget shows a $3.24 billion deficit.

Prices for travel abroad and vegetables were among the items that rose the most in August. Many foreign airlines have stopped flying to Israel on security grounds, while fewer ships are calling at the key Israeli port of Eilat because of  YAF attacks in the Red Sea. The construction and agriculture sectors have been hit by a shortage of Palestinian workers, who are no longer allowed into Israel from the West Bank and Gaza – Bloomberg report.