Israel’s Shopper Cost Index (CPI) rose .6% in March, the Central Bureau of Figures described this afternoon, under the economists’ expectation of .8%. Inflation around the earlier 12 months remains at 3.5%, even now very well previously mentioned the Financial institution of Israel’s yearly goal array for inflation of in between 1% and 3%.

Because of to the sharp rise in commodity selling prices adhering to the Russian invasion of Ukraine, previously this 7 days the Lender of Israel revised its inflation forecast for 2022 sharply upwards from 2% to 3.6%. The Bank of Israel sees 2% inflation in 2023.

Among the the prominent rises in selling prices in March, outfits and footwear rose 4.6%, tradition and amusement rose 2.1%, and transport rose 1.6%. Between the outstanding price falls in March, refreshing fruit and vegetable price ranges fell 2.5%.

Housing price ranges rose 1.8% in January-February in comparison with December-January and have risen 15.2% more than the earlier 12 months.

In January-February compared with December-January, housing rates 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%).

More than the 12 months prior to January-February housing 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 business enterprise information – en.globes.co.il – on April 15, 2022.

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