Israel’s Buyer Cost Index (CPI) rose .4% in June, the Central Bureau of Figures reported this afternoon, beneath the economists’ expectations of .5%. This is the second successive thirty day period that the CPI has been under the economists’ forecasts.

Even so inflation stays at its maximum stage in Israel for additional than a ten years. Inflation more than the previous 12 months is now 4.4%, effectively higher than the Lender of Israel’s yearly focus on selection for inflation of between 1% and 3%, and this is probable to final result in the Bank of Israel again mountaineering desire premiums following month, in buy to restrain inflation. But inflation continues to be perfectly below prices viewed elsewhere, which includes the US, where it is now managing at 9.1% annually.




Connected Articles




Bank of Israel tackles inflation, but at what cost?



Bank of Israel raises fascination price by .5%







Amongst the well known rises in selling prices in June, had been transportation 2.4% and housing charges .7%, culture and leisure .7% and well being charges .6%. Amid the prominent rate falls in June, new fruit and greens fell 8.5%, and outfits and footwear fell 3.4%.

Housing charges rose 1.4% in April-May in contrast with March-April and have risen 15.9% more than the earlier 12 months, up from 15.4% previous month, the Central Bureau of Studies described.

In April-May perhaps in contrast with March-April, housing costs 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.

Above the 12 months prior to April-Might housing charges 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%).

Released by Globes, Israel company information – en.globes.co.il – on July 15, 2022.

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


More Stories
Pagaya share price begins to lose ground
In a sea of bad news, here are our 10 top tales to make you smile
Shekel staged strong comeback in July