CPI rose in April, home prices fell in Q1

price gun  photo: Tamar Matzafi

Israel's Consumer Price Index has risen 0.7% over the past year. Apartment prices fell 0.5% in March and 2.9% in the first quarter.

The Consumer Price Index (CPI) rose by 0.2% in April, the Central Bureau of Statistics reported this evening. The CPI has risen by 0.7% over the past 12 months, below the Bank of Israel's 1-3% target range for inflation.

Notable price rises during April were: fresh fruit (5.6%), fashion and footwear (1.8%) and entertainment and culture (1.5%).

The Central Bureau of Statistics also published the Home Prices Index for March 2017. Prices fell 0.5% in March and fell 2.9% in the first quarter of 2017. Home prices have risen 4.7% over the past 12 months.

Published by Globes [online], Israel business news - www.globes-online.com - on May 15, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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