Israel’s Shopper Worth Index (CPI) rose 0.6% in March, the Central Bureau of Statistics reported this afternoon, beneath the economists’ expectation of 0.8%. Inflation over the previous 12 months stays at 3.5%, nonetheless nicely above the Financial institution of Israel’s annual goal vary for inflation of between 1% and three%.
As a result of sharp rise in commodity costs following the Russian invasion of Ukraine, earlier this week the Financial institution of Israel revised its inflation forecast for 2022 sharply upwards from 2% to three.6%. The Financial institution of Israel sees 2% inflation in 2023.
Among the many outstanding rises in costs in March, clothes and footwear rose 4.6%, tradition and leisure rose 2.1%, and transport rose 1.6%. Among the many outstanding worth falls in March, recent fruit and vegetable costs fell 2.5%.
Housing costs rose 1.8% in January-February in contrast with December-January and have risen 15.2% over the previous 12 months.
In January-February in contrast with December-January, housing costs 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 previous to January-February housing costs 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 enterprise information – en.globes.co.il – on April 15, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
