JERUSALEM, June 15 (Xinhua) -- Israel's year-on-year inflation hit 4.1 percent in May, the highest since June 2011, the Israeli Bureau of Statistics said Wednesday.
It is the fourth consecutive month for the year-on-year consumer price index (CPI) floating above the government target range of 1-3 percent.
The high level of inflation is likely to prompt the Bank of Israel to hike interest rates again at the start of July, said local media.
The monthly inflation rate in May was 0.6 percent, following a 0.8 percent in April, the statistics authority said, explaining a 13.8-percent price increase in fresh fruit and a 2.2-percent rise in clothing and footwear are the main reasons behind May's inflation.