Israel’s Purchaser Cost Index (CPI) rose .6% in March, the Central Bureau of Data noted this afternoon, under the economists’ expectation of .8%. Inflation more than the past 12 months remains at 3.5%, still well earlier mentioned the Lender of Israel’s annual goal range for inflation of between 1% and 3%.

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

Between the notable rises in rates in March, apparel and footwear rose 4.6%, tradition and leisure rose 2.1%, and transport rose 1.6%. Amongst the well known selling price falls in March, fresh fruit and vegetable selling prices fell 2.5%.

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

In January-February in contrast with December-January, housing selling 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%).

Over 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%).

Revealed by Globes, Israel small business news – en.globes.co.il – on April 15, 2022.

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