September CPI reading higher than expected

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Israel’s Customer Cost Index (CPI) rose by .2% in September, the Central Bureau of Statistics documented this afternoon. Analysts experienced anticipated the CPI final month to keep on being unchanged or increase by .1%.

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The fee of inflation for the twelve months to the conclude of August continues to be at 4.6%, unchanged from the twelve months to the close of August, inspite of falls in the price of fuel and the value of holidays last thirty day period. The CPI rose by 4.3% in the first 9 months of 2022.

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The principal contributor the increase in the CPI in September was a 3.3% increase in clean fruit and greens, whilst wellness and education expert services every single rose by 1%, and housing costs and home furnishings just about every rose by .6%. Housing rents rose by .7%. Tradition and leisure price ranges fell 1.2% last month, transport and communications fell .5% and meals selling prices without having fresh new fruit and vegetables, fell .4%.

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Dwelling charges, which are not incorporated in the CPI, rose by 1.9% in July-August in comparison with June-July, completing an 19% yr-on-12 months increase.

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By location, housing selling prices in Jerusalem rose by 2.8% in July-August in comparison with June-July, and by 2.6% in the north, 2% in Haifa, 1.9% in Tel Aviv, 1.8% in Central Israel, and by 1% in the south.

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Over the past 12 months, housing charges have risen by 21.2% in central Israel, 20.3% in the north, 20.1% in Haifa, 17.6% in Jerusalem, 17.1% in Tel Aviv, and 16.2% in the south.

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Printed by Globes, Israel organization news – en.globes.co.il – on October 14, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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