Jerusalem - (Xinhua) - The Israeli Bureau of Statistics reported (Sunday) that the inflation rate in Israel on an annual basis reached 4 percent last April, the highest rate in nearly 11 years.

The Statistics Department said in a statement that this figure is the highest annual inflation rate recorded in Israel since June 2011, when the inflation rate reached 4.2 percent.
As a result, the inflation rate has moved away from the government target, which ranges from 1 to 3 percent.

The data also showed that since the beginning of 2022, the inflation rate in Israel has increased by 2.2 percent.

The department said that the Israeli consumer price index, a key indicator of inflation, rose by 0.8 percent in April on a month-on-month basis, after recording a 0.6 percent increase in March.

She added that the increase in April was mainly due to an increase in the prices of fresh vegetables by 5.5 percent, in addition to an increase in the prices of clothing by 2.8 percent.
House prices in Israel also recorded a year-on-year increase of 16.3 percent from February to March 2022, which constitutes the highest year-on-year increase in real estate transaction prices in Israel in nearly 12 years, according to the statement.