April CPI larger than anticipated

May 15, 2024 | blog

Israel’s Consumer Price Index (CPI) rose 0.8% in April, larger than the economists’ expectations of 0.6%. In the twelve months to the tip of April, the speed of inflation rose to 2.8% from 2.7% on the finish of March, based on figures launched by the Central Bureau of Statistics right this moment.

The costs of transport rose 3.4% in April, clothes costs rose 2.3%, tradition and leisure costs rose 1.6%, housing upkeep rose 0.3%, and meals costs rose 0.3%.

Prominent value declines in April included recent fruit and vegetable, which fell 1.3% and furnishings and family tools, which fell 0.5%.

The Central Bureau of Statistics has additionally printed the change in house costs (which aren’t a part of the overall CPI) between January-February 2024 and February-March 2024. On common, costs rose 0.9%. This was the fourth consecutive month that costs have risen after many months of declines. In the breakdown by area, costs rose by 0.8% in Jerusalem, by 0.8% within the north, and by 1.7% in Haifa. Prices fell 0.5% within the middle, however rose 2.2% in Tel Aviv, and by 0.6% within the south. Prices of latest rose 0.5%.

In the comparability between February-March 2024 and February-March 2023, the index of housing costs rose 1.1%. In the breakdown by area, costs rose by 4.6% in Haifa, 4.3% within the south, 1.9% in Jerusalem, 1% within the north and 0.4% in Tel Aviv. Prices fell by 0.4% within the central area. The index of latest house costs fell 1.6%.

Published by Globes, Israel enterprise information – – on May 15, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

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