Israel’s Buyer Cost Index (CPI) rose .4% in June, the Central Bureau of Studies noted this afternoon, down below the economists’ expectations of .5%. This is the second successive thirty day period that the CPI has been down below the economists’ forecasts.

Even so inflation stays at its maximum degree in Israel for more than a decade. Inflation in excess of the earlier 12 months is now 4.4%, perfectly above the Financial institution of Israel’s yearly goal assortment for inflation of amongst 1% and 3%, and this is possible to outcome in the Bank of Israel yet again mountaineering interest charges up coming thirty day period, in get to restrain inflation. But inflation stays effectively under costs noticed elsewhere, together with the US, where by it is now running at 9.1% every year.




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Lender of Israel tackles inflation, but at what selling price?



Financial institution of Israel raises curiosity fee by .5%







Amid the outstanding rises in rates in June, ended up transportation 2.4% and housing fees .7%, society and enjoyment .7% and well being costs .6%. Between the distinguished price falls in June, refreshing fruit and vegetables fell 8.5%, and clothing and footwear fell 3.4%.

Housing costs rose 1.4% in April-Could in contrast with March-April and have risen 15.9% more than the previous 12 months, up from 15.4% very last thirty day period, the Central Bureau of Studies reported.

In April-May as opposed with March-April, housing selling prices 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.

Above the 12 months prior to April-Could housing charges 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%).

Published by Globes, Israel small business information – en.globes.co.il – on July 15, 2022.

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


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