CPI down 0.1% in June, home prices fall sharply
Shopping during Covid-19 / Photo: Cadya Levy, Globes
Israeli smart glass co Gauzy files for Nasdaq IPO
Israeli smart glass co Gauzy files for Nasdaq IPO
The Consumer Price Index has fallen 0.8% since the start of 2020. Housing prices fell 0.7% in April-May compared with March-April.
Israel's Consumer Price Index (CPI) fell 0.1% in June, the Central Bureau of Statistics reported this evening, in line with market expectations. Since the start of 2020, the CPI has fallen by 0.8% and over the past 12 months it has fallen by 1.1%.
Notable price declines in May included fresh fruit and vegetables (7.6%), culture and entertainment (1.2%), fashion and footwear (0.8%) and transport (1.5%).
Housing prices started to fall after a sustained period of rises. Housing prices fell by 0.7% in April-May compared with March-April and have now only risen 2% over the past 12 months.
Housing prices in April-May compared with March-April fell 2.5% in Jerusalem, 1.4% in the north, 0.9% in Tel Aviv, and 0.4% in Haifa but rose 0.1% in the central district and 0.7% in the south.
Published by Globes, Israel business news - en.globes.co.il - on July 15, 2020
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Shopping during Covid-19 / Photo: Cadya Levy, Globes