Israel’s Customer Cost Index (CPI) rose .4% in June, the Central Bureau of Figures reported this afternoon, below the economists’ expectations of .5%. This is the next successive month that the CPI has been beneath the economists’ forecasts.

Even so inflation remains at its maximum level in Israel for far more than a ten years. Inflation around the past 12 months is now 4.4%, nicely higher than the Financial institution of Israel’s annual target range for inflation of between 1% and 3%, and this is most likely to end result in the Financial institution of Israel once more hiking curiosity premiums following thirty day period, in order to restrain inflation. But inflation stays effectively down below charges noticed elsewhere, such as the US, where by it is at this time working at 9.1% each year.




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Among the the popular rises in selling prices in June, ended up transport 2.4% and housing expenditures .7%, lifestyle and entertainment .7% and overall health fees .6%. Between the distinguished selling price falls in June, refreshing fruit and greens fell 8.5%, and apparel and footwear fell 3.4%.

Housing selling prices rose 1.4% in April-May well when compared with March-April and have risen 15.9% about the previous 12 months, up from 15.4% final month, the Central Bureau of Data claimed.

In April-Could in contrast with March-April, housing rates in Tel Aviv rose 1.9%, 1.6% in Jerusalem, 1.4% in the north, 1.3% in Haifa, 1.2% in the south, and 1.1% in central Israel.

Above the 12 months prior to April-Could housing prices rose 19.5% in central Israel, in Tel Aviv (15.3%), in Jerusalem (14.6%), in Haifa (14.4%), in the south (14.2%), and in the north (12.8%).

Printed by Globes, Israel business information – en.globes.co.il – on July 15, 2022.

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