Israel’s Customer Selling price Index (CPI) rose .4% in June, the Central Bureau of Stats reported this afternoon, beneath the economists’ anticipations of .5%. This is the next successive thirty day period that the CPI has been below the economists’ forecasts.

Even so inflation continues to be at its highest stage in Israel for extra than a decade. Inflation over the earlier 12 months is now 4.4%, properly over the Financial institution of Israel’s annual goal selection for inflation of concerning 1% and 3%, and this is possible to outcome in the Lender of Israel yet again hiking fascination rates subsequent month, in order to restrain inflation. But inflation continues to be very well below charges found in other places, including the US, exactly where it is currently running at 9.1% annually.




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Between the notable rises in price ranges in June, had been transport 2.4% and housing prices .7%, tradition and enjoyment .7% and wellness prices .6%. Among the the outstanding price tag falls in June, clean fruit and vegetables fell 8.5%, and outfits and footwear fell 3.4%.

Housing price ranges rose 1.4% in April-May possibly compared with March-April and have risen 15.9% over the previous 12 months, up from 15.4% previous month, the Central Bureau of Figures noted.

In April-May perhaps in comparison with March-April, housing charges 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.

More than the 12 months prior to April-Could housing costs 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 organization information – en.globes.co.il – on July 15, 2022.

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


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