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The housing price index was stable and the new home price index rose slightly by 0.9%, the Central Bureau of Statistics reported today. The figures are for the period April-May 2018 compared to March-April 2018. Compared to the corresponding period last year, the housing price index decreased by 0.1%. The June consumer price index showed a rise of 0.1%.
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In the breakdown by region, the price index shows a mixed picture. In Jerusalem, Tel Aviv and the south, the index rose 0.6%, 0.2% and 0.9%. In the north, in Haifa, and in the central region, there were decreases of 0.4%, 0.1% and 0.7%.
After several successive falls, it seems that the home price index has stabilized
years, inflation in Israel has returned to the inside of the target range of 1- 3%. The rise in the CPI for June was only 0.1%, but the fact that the figures of May 2017, particularly low, are not taken into account in the calculation, boosts the rate of inflation. Inflation over twelve months, as expected badysts. Most badysts see inflation continue to rise in the coming months, but say that it is a temporary phenomenon that does not warrant a rise in rates of interest. interest of the Bank of Israel.
. On the other hand, fresh fruit prices fell by 3.2%.
Published by Globes [online] Israel Economic News – www.globes-online.com – July 15, 2018
© Copyright of Globes Publisher Itonut (1983) Ltd. 2018
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