Israel CPI up 0.4% in June, as inflation edges higher
Israel’s Buyer Price tag Index (CPI) rose .4% in June, the Central Bureau of Data claimed this afternoon, below the economists’ expectations of .5%. This is the second successive month that the CPI has been down below the economists’ forecasts.

Even so inflation remains at its greatest amount in Israel for extra than a 10 years. Inflation in excess of the past 12 months is now 4.4%, nicely over the Financial institution of Israel’s annual target range for inflation of involving 1% and 3%, and this is possible to consequence in the Lender of Israel once more hiking interest costs next month, in purchase to restrain inflation. But inflation stays very well under costs found elsewhere, together with the US, in which it is presently operating at 9.1% annually.




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Among the well known rises in costs in June, ended up transportation 2.4% and housing prices .7%, lifestyle and enjoyment .7% and well being expenditures .6%. Among the the well known price tag falls in June, fresh fruit and veggies fell 8.5%, and apparel and footwear fell 3.4%.

Housing prices rose 1.4% in April-Might compared with March-April and have risen 15.9% above the past 12 months, up from 15.4% past month, the Central Bureau of Data claimed.

In April-Could in comparison 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.

About the 12 months prior to April-Might 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%).

Published by Globes, Israel business news – en.globes.co.il – on July 15, 2022.

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