Israel’s Shopper Price tag Index (CPI) rose .6% in March, the Central Bureau of Stats documented this afternoon, below the economists’ expectation of .8%. Inflation about the previous 12 months remains at 3.5%, still properly earlier mentioned the Financial institution of Israel’s once-a-year goal array for inflation of among 1% and 3%.

Thanks to the sharp rise in commodity charges next the Russian invasion of Ukraine, previously this week the Lender 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.

Amid the well known rises in charges in March, clothes and footwear rose 4.6%, tradition and enjoyment rose 2.1%, and transportation rose 1.6%. Amid the outstanding price tag falls in March, new fruit and vegetable costs fell 2.5%.

Housing costs rose 1.8% in January-February compared with December-January and have risen 15.2% over the past 12 months.

In January-February when compared 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%).

In excess of the 12 months prior to January-February housing rates 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%).

Published by Globes, Israel company news – en.globes.co.il – on April 15, 2022.

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


