Israel June Inflation Rate Rises on Value Added Tax, Fuel
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Israel’s inflation rate climbed in June, after the government increased value-added tax and fuel prices rose.
Annual inflation accelerated to 2 percent from 0.9 percent, the Jerusalem-based Central Bureau of Statistics reported today. The median estimate in a Bloomberg survey of 10 economists was 1.9 percent. Consumer prices increased 0.8 percent from the previous month. The government target range for annual inflation is 1 percent to 3 percent.