This is the first time in 2021 that the annual inflation rate in Israel has slowed. It is also the sixth month in a row that the Israeli annual inflation figure hits the government target, ranging from 1 percent to 3 percent.
The bureau added that since the beginning of 2021, Israel's inflation has risen by 2.6 percent.
Israel's consumer price index (CPI), a key indicator of inflation, rose by 0.1 percent in October, after registering a 0.2-percent increase in September.
October's slight rise was mainly due to a 3.6-percent increase in clothing and footwear prices, while fresh fruit and vegetable prices decreased by 2.5 percent.
In August-September, home prices in Israel increased by 0.7 percent compared with July-August. Over the past year, home prices rose by 9.9 percent.
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