November inflation matches forecasts; house costs nonetheless climbing

Israel’s Client Worth Index (CPI) rose by 0.1% in November, the Central Bureau of Statistics has introduced. The rise is in step with analysts’ estimates. For the 12 months to this point, the CPI is up 5%, and for the twelve months to the top of November it’s up 5.3%.

There have been vital rises in November within the housing merchandise, up 0.6%, house upkeep, up 0.3%; and meals, up 0.2%. Recent produce costs fell 4.3%; footwear fell 1.5%; and residential tools and furnishings fell 0.3%.

House rents excluding public housing rose 0.5%. For tenants who renewed their leases, rents rose 4.2%, whereas for brand spanking new tenancies rents rose 8.1%.

The index of residential development inputs fell 0.2% in November. However, the index is up 4.8% for the reason that starting of the 12 months. Within the twelve months to te finish of November, the index rose by 5%.

House worth nonetheless climbing

In house costs, the comparability of transactions in September-October with August-September 2022 reveals a worth rise of 1.2%, finishing a 20.3% rise as compared with September-October 2021. That is the most important annual rise in house costs for a decade.

Within the breakdown by district, the change in house costs between August-September and September-October this 12 months was down 0.1% in Jerusalem, up 1.2% within the northern district, up 1.1% in Haifa, up 1.9% in te central district, up 1.1% in Tel Aviv, and up 1.6% within the southern district.

12 months-on 12 months, costs rose 22.5% within the central and northern districts, 19.9% in Tel Aviv and Haifa, 18.7% within the southern district, and 16.6% in Jerusalem.

Printed by Globes, Israel enterprise information – – on December 15, 2022.

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

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles