CPI unchanged in August, home prices continue rising

Shopping during Covid-19 / Photo: Cadya Levy, Globes

CPI up 0.5% in October as housing prices fall

The Consumer Price Index has fallen 0.8% over the past 12 months, while in contrast housing prices have risen 2.9% in the past year.

Israel's Consumer Price Index (CPI) was unchanged in August, the Central Bureau of Statistics reported this evening, below market expectations which had predicted a 0.1% - 0.2% rise. Over the past 12 months, the CPI has fallen by 0.8%.

Notable price decreases in August included clothing and footwear (2.2%), fresh fruit (1.2%), and telecom (1%). Notable price increases included culture and entertainment (1.9%), and fresh vegetables (1.2%).

In contrast housing prices are continuing to rise. Housing prices rose by 1% in June-July after rising 0.4% in May-June and have now risen by 2.9% over the past 12 months.