CPI up 0.3% in October

price gun  photo: Tamar Matzafi
price gun photo: Tamar Matzafi

The rise is in line with market expectations. Home prices in Israel rose 0.1% in August-September.

Israel's Consumer Price Index (CPI) rose 0.3% in October, the Central Bureau of Statistics reports. The rise is in line with market expectations. The rate of inflation in the twelve months to the end of October was 1.2%. Notable rises were recorded in October in the clothing and footwear item (8.1%) and fresh vegetables (1.5%). There were falls in fresh fruit (1.6%) and transport (0.5%).

The Home Price Index for August-September showed a rise of 0.1% in comparison with July-August. In the twelve months to the end of September, the index fell 1.9%. Prices of new homes fell 0.6% in August-September. The proportion of transactions under government subsidy schemes (the Buyer Price program and the Target Price program) was 34.1%.

Home prices rose 1.1% in the northern district, 0.7% in Jerusalem, and 0.4% in Haifa. Prices were unchanged in the central district, and fell 0.2% in Tel Aviv.

The Gazit-Globe Real Estate Institute at the Interdisciplinary Center, Herzliya published figures today indicating a 2.8% rise in home prices in the third quarter, with the rise occurring mainly in the Sharon and central Israel.

Published by Globes, Israel business news - en.globes.co.il - on November 15, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

price gun  photo: Tamar Matzafi
price gun photo: Tamar Matzafi
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