Annual inflation is at its lowest since September 2022, and housing costs have began to fall.
Israel’s Shopper Value Index (CPI) rose by 0.4% in March 2023, the Central Bureau of Statistics introduced this afternoon. That is inside the vary of expectations, with analysts predicting an increase between 0.3% and 0.6%. Previously 12 months the CPI has risen by 5%, down from 5.2% final month. That is the bottom charge of annual inflation since final September, when annual inflation stood at 4.6%.
There have been notable worth rises in March in clothes and footwear (4.1%), tradition and leisure (0.9%), and housing prices (0.6%).
There have been notable worth falls final month in contemporary fruit (2.8%), and furnishings and family upkeep merchandise (1.6%).
Adjustments in residence costs are revealed similtaneously the CPI however should not included in it. In January-February 2023 housing costs fell 0.2% compared with December-January 2022/2023, and have risen 12.7% compared with January-February 2022.
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 14, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
Inflation credit score: Tali Bogdansky