JERUSALEM, Feb. 14 (Xinhua) -- Israel's annual inflation over the past 12 months has risen by 0.3 percent, according to a statement released on Friday by the state's Central Bureau of Statistics.
The rate is significantly lower than the annual government inflation target, ranging from 1 to 3 percent.
According to the bureau's data, Israel's consumer price index (CPI), a key indicator of inflation, decreased by 0.4 percent in January month on month, after registering no change in December.
January's figure was mainly due to a decrease in the prices of accommodation, leisure and travel, clothing and footwear, and home electricity.
The data also showed that in November-December 2019, home prices in Israel decreased by 0.2 percent compared to October-November 2019.
However, home prices rose by 3 percent over the past year, despite government programs to stop the prolonged price increase.
