CPI up 0.4% in May

price gun  photo: Tamar Matzafi

The rate of inflation over the past twelve months was 0.8%. The rise in home prices moderated.

Israel's Consumer Price Index (CPI) rose 0.4% in May, the Central Bureau of Statistics reported today. The May reading brings the rate of inflation over the past twelve months to 0.8%. A 0.9% rise in prices of clothing and footwear stood out in May.

The Housing Price Index rose 0.5% last month. The twelve-month rise in housing prices moderated to 4.4%.

The Housing Price Index, published separately from the CPI, represents a weighted average of process of homes sold in the period March-April 2017.

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