JERUSALEM, Oct. 15 (Xinhua) -- Israel's annual inflation over the past 12 months has risen by 0.3 percent, according to a statement released on Tuesday by the Bureau of Statistics.

The rate is significantly lower than the annual government inflation target, ranging from 1 to 3 percent.

Since the beginning of 2019, Israeli inflation has been 0.6 percent, also lower than the target range.

According to the data, Israel's consumer price index (CPI), a key gauge of inflation, decreased 0.2 percent in September month on month, after registering a 0.2-percent growth in August.

In July-August 2019, home prices in Israel rose by 0.1 percent compared with June-July 2019, and by 1.3 percent over the past year, despite governmental plans to halt the continued price increase. Enditem

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