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October 0.1%.

Apartment prices continue to climb: 9.9% increase

The consumer price index for October, the first after the holidays, rose by only 0.1% and reflects inflation of 2.6 in the past year.

Compared to the moderate index, house prices have jumped by 9.9% in the past year compared to the same period last year, and it is estimated that prices will continue to rise, at least until the end of 2021

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• Consumer price index

• Real Estate

• housing

• Vegetables and fruits

• inflation

Sonia Gorodisky

Monday, 15 November 2021, 18:19 Updated: 18:45

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The consumer price index rose by 0.1% in October 2021. This is a moderate increase relative to analysts' forecasts, which expected an increase of 0.2%. The October index reflects 2.6% inflation since the beginning of 2021, still in the Treasury's forecast range (1% -3%).

Significant price increases were recorded in the clothing and footwear items, which increased by 3.6%, culture and entertainment, which increased by 1.1%, and food, which increased by 0.9%.

Significant price decreases were recorded in the items of fresh vegetables and fruits, which decreased by 2.5% and transportation, which decreased by 1.1%.

Since the beginning of the year, the consumer price index has risen by 2.6% and in the last twelve months (October 2021 compared to October 2020), the consumer price index has risen by 2.3%.

The price index of residential construction inputs increased by 0.2% in October 2021. The

price index of manufacturing output to local destinations increased by 0.8% in October 2021.

Since the beginning of the year, the price index of manufacturing output for domestic destinations has increased by 11.2% and in the last twelve months (October 2021 compared to October 2020), the price index of manufacturing output for domestic destinations has increased by 11.9%.

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Minister of Finance, Avigdor Lieberman: Housing prices appear to be his biggest headache - and ours (Photo: screenshot, Knesset channel)

Housing prices continue to soar, close to a double-digit rise

If there is one statistic that should exclude sleep from the eyes of the leaders of the economy, then these are housing prices. Although housing is not part of the index, the numbers provided by the real estate industry in Israel continue to be worrying:

from comparing the prices of transactions made in August 2021 - September 2021 compared to the prices of transactions made in July 2021 - August 2021, it was found that housing prices rose by 0.7%. an increase of 9.9% over the same period last year (August 2020 - September 2020).

just this morning estimated that the finance minister, Avigdor Lieberman, that housing prices will complete this year are up double digits - and it seems that this figure "be achieved" already in November. esteem in that Housing prices will rise by 11% by the end of the year compared to 2020, before, if at all, government measures begin to affect the price.

In the segmentation of changes in housing prices by district in the months of August 2021 - September 2021 compared with the months of July 2021 - August 2021, price increases were recorded in the following districts: south 1.6%, north and center 1.5%, each and Haifa 1.0%; In contrast, price decreases were recorded in the following districts: Tel Aviv 0.3% and Jerusalem 0.1%.

In the segmentation of changes in housing prices by district compared to the corresponding period last year, August 2021 - September 2021 compared to August 2020 - September 2020, price increases were recorded in all districts: Central (11.9%), Jerusalem (9.9%), North (9.6%), South (9.0 %), Tel Aviv (8.8%) and Haifa (8.1%).

In the price index of new dwellings, it was found that their prices decreased in the months August 2021 - September 2021 compared to July 2021 - August 2021 by 1.2%, thus completing an increase of 8.3% compared to the corresponding period last year (August 2020 - September 2020). The percentage of transactions carried out with government support and participated in the calculation is 23.7%, compared with 20.6% in the previous period (July 2021 - August 2021).

The national average price of a transaction for the purchase of an apartment in the third quarter of 2021 was NIS 1,680.4 thousand.

In the previous quarter, the average price was NIS 1,685.2 thousand.

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