Israel’s Consumer Price Index (CPI) rose 0.4% in February, in line with expectations. In the twelve months to the end of February, the rate of inflation fell to 2.5% from 2.6% at the end of January, according to figures released by the Central Bureau of Statistics today.
The prices of fresh fruit rose by 10.7% last month, footwear rose by 1.4%, entertainment and culture rose by 1.2%, home maintenance rose by 0.9%, and furniture and household equipment and transport each rose by 0.7%.
Clothing prices fell 2.5% last month and apartment rental services fell 0.6%.
The Central Bureau of Statistics has also published the change in home prices (which are not part of the general CPI) between November-December 2023 and December 2023-January 2024. On average, prices rose 1.2%. This was the second consecutive month that prices have risen after many months of declines. In the breakdown by region, prices rose by 1.4% in Jerusalem, by 1.5% in Haifa, 1.1% in the north, 1.1% in the center, 1.1% in Tel Aviv, and by 1.8% in the south. Prices of new homes rose by an average of 0.4%.
In the comparison between December 2023- January 2024 and December 2023- January 2024, the index of housing prices fell 0.6%. In the breakdown by region, prices rose by 3.8% in the north, 2.9% in Haifa, 1.6% in the south and 1.1% in Jerusalem. Price fell by 3.7% in Tel Aviv and 1.1% in the central region.
Published by Globes, Israel business news - en.globes.co.il - on March 15, 2024.
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