Israel’s Consumer Price Index (CPI) unexpectedly fell by 0.3% in November. In the twelve months to the end of November 2023, the index increased by 3.3%, compared to 3.7% in the 12 months to the end of October. The figures released by the Central Statistics Office came as a surprise, as analysts had forecast the CPI to have remained unchanged in November, up 0.1%, with annual inflation falling to between 3.5% and 3. 6%. In the 11 months since the start of 2023, prices have increased by 3.1%.
Prices of fresh fruit fell by 4.8%, transport (1.2%), footwear (1%), culture and entertainment (0.6%), housing costs (0. 4%) and furniture and household equipment (0.3%). ).
Prices of fresh vegetables increased by 0.7% and food products (0.5%).
The Central Statistics Office also released house price figures, which are not part of the CPI. A comparison of transaction prices from August to September 2023 with those from September to October 2023 shows that prices are unchanged, partly due to the holidays and then the start of the war, with few transactions concluded.
A comparison of transaction prices from August to September 2023 with those from September to October 2023 shows that prices increased by 2.2% in Jerusalem, fell by 1.4% in the north, fell by 0.3 % in Haifa, increased by 0.1% in the central region and decreased by 0.5% in Tel Aviv, and increased by 1.5% in the south.
A comparison of transaction prices from August to September 2023 with those from September to October 2023 shows that new apartment prices fell by 0.4%, while new apartment prices fell by 3.6% during for the 12-month period ending September to October 2023.
During the 12-month period ending September-October 2023, property prices in Israel fell by 1.3%. In the 12 months ending September-October 2023, house prices in the central region fell by 2.9%, house prices in the south fell by 2.3%, in Tel Aviv , by 2.2% and in the north, by 0.1%. During this period, house prices increased by 3.3% in Jerusalem, by 2.5% in Haifa and by 0.1% in the north.
Published by Globes, Israel Business News – fr.globes.co.il – December 15, 2023.
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