Israel’s Client Cost Index (CPI) rose .6% in March, the Central Bureau of Figures documented this afternoon, down below the economists’ expectation of .8%. Inflation in excess of the past 12 months continues to be at 3.5%, still very well previously mentioned the Financial institution of Israel’s annual focus on variety for inflation of in between 1% and 3%.

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

Amongst the well known rises in prices in March, clothes and footwear rose 4.6%, lifestyle and leisure rose 2.1%, and transportation rose 1.6%. Among the the outstanding rate falls in March, clean fruit and vegetable rates fell 2.5%.

Housing selling prices rose 1.8% in January-February compared with December-January and have risen 15.2% about the previous 12 months.

In January-February in contrast with December-January, housing charges 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%).

Above the 12 months prior to January-February housing selling prices 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%).

Printed by Globes, Israel organization information – en.globes.co.il – on April 15, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


