A general view shows the Israeli city of Tel Aviv, on August 12, 2024, amid regional tensions during the ongoing war between Israel and the Palestinian Hamas movement in the Gaza Strip.
The war has raged in Gaza since Hamas' Oct. 7, 2023 cross-border attack on southern Israel.
Figures issued on Friday showed Israel's inflation rate held steady at 3.5% in September but staying above the government's annual inflation target of 1-3%.
Government officials have largely blamed war-related supply issues for the spike in inflation at a time when inflation is largely easing globally.
Israeli central bankers have said that further rate cuts, which have begun in the United States and Europe, are unlikely but warned of rate hikes should inflation remain high.
Organizations:
Hamas, Central Bureau, Statistics, Government, Bank of Israel
Locations:
Tel Aviv, Israel, Palestinian, Gaza, Lebanon, United States, Europe