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Annual inflation is at its lowest since September 2022, and housing costs have began to fall.
Israel’s Shopper Worth Index (CPI) rose by 0.4% in March 2023, the Central Bureau of Statistics introduced this afternoon. That is throughout the vary of expectations, with analysts predicting an increase between 0.3% and 0.6%. Up to now 12 months the CPI has risen by 5%, down from 5.2% final month. That is the bottom fee of annual inflation since final September, when annual inflation stood at 4.6%.
There have been notable value rises in March in clothes and footwear (4.1%), tradition and leisure (0.9%), and housing prices (0.6%).
There have been notable value falls final month in contemporary fruit (2.8%), and furnishings and family upkeep merchandise (1.6%).
Modifications in house costs are revealed concurrently the CPI however aren’t included in it. In January-February 2023 housing costs fell 0.2% as compared with December-January 2022/2023, and have risen 12.7% as compared with January-February 2022.
Revealed 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
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