Israel had positive inflation in 2017 after three years of negative inflation. Housing prices fell in October-November.
2017 ended with inflation of 0.4% after three successive years of negative inflation after the Central Bureau of Statistics reported this evening that the Consumer Price Index (CPI) rose 0.1% in December. Outstanding price rises last month included fashion and footwear (4.3%) and transport (0.6%). Outstanding price falls included fresh vegetables (6.4%), culture and entertainment (1.3%) and furniture and household equipment (1.1%).
At the same time the Central Bureau of Statistics reported that housing prices in Israel fell 0.3% in October-November and have risen 2.4% over the past 12 months. New home prices fell 0.6% in October-November.
Published by Globes [online], Israel business news - www.globes-online.com - on January 15, 2018
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