Israel’s Consumer Price tag Index (CPI) rose .6% in March, the Central Bureau of Statistics claimed this afternoon, down below the economists’ expectation of .8%. Inflation more than the earlier 12 months remains at 3.5%, nevertheless perfectly previously mentioned the Bank of Israel’s annual concentrate on array for inflation of between 1% and 3%.

Owing to the sharp rise in commodity costs next the Russian invasion of Ukraine, earlier this 7 days the Bank of Israel revised its inflation forecast for 2022 sharply upwards from 2% to 3.6%. The Financial institution of Israel sees 2% inflation in 2023.

Among the prominent rises in price ranges in March, clothes and footwear rose 4.6%, culture and amusement rose 2.1%, and transportation rose 1.6%. Between the well known cost falls in March, contemporary fruit and vegetable costs fell 2.5%.

Housing costs rose 1.8% in January-February in contrast with December-January and have risen 15.2% more than the earlier 12 months.

In January-February as opposed with December-January, housing prices in central Israel rose 2.4%, in Jerusalem (2.2%), Haifa (2.1%), northern Israel (1.6%), southern Israel (1.5%), and in Tel Aviv (1.3%).

Over the 12 months prior to January-February housing charges rose 17.7% in central Israel, in Jerusalem (16.4%), Tel Aviv (14.5%), Haifa (13.2%), southern Israel (12.5%) and northern Israel (11.5%).

Posted by Globes, Israel enterprise information – en.globes.co.il – on April 15, 2022.

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