Israel’s Shopper Selling price Index (CPI) rose .4% in June, the Central Bureau of Studies described this afternoon, underneath the economists’ expectations of .5%. This is the next successive month that the CPI has been below the economists’ forecasts.

Even so inflation continues to be at its maximum level in Israel for additional than a ten years. Inflation more than the previous 12 months is now 4.4%, very well previously mentioned the Financial institution of Israel’s once-a-year focus on variety for inflation of involving 1% and 3%, and this is probable to final result in the Bank of Israel again climbing interest rates up coming month, in purchase to restrain inflation. But inflation continues to be nicely under charges witnessed elsewhere, including the US, exactly where it is at the moment running at 9.1% on a yearly basis.




Similar Article content




Lender of Israel tackles inflation, but at what cost?



Financial institution of Israel raises fascination charge by .5%







Among the the popular rises in rates in June, were being transport 2.4% and housing fees .7%, lifestyle and entertainment .7% and health and fitness charges .6%. Amid the notable rate falls in June, fresh fruit and greens fell 8.5%, and apparel and footwear fell 3.4%.

Housing prices rose 1.4% in April-May perhaps in comparison with March-April and have risen 15.9% more than the earlier 12 months, up from 15.4% very last month, the Central Bureau of Studies reported.

In April-Could as opposed 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.

Around the 12 months prior to April-May possibly housing price ranges 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 enterprise news – en.globes.co.il – on July 15, 2022.

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