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Apartment prices are rising at the sharpest rate in a year and a half. Another drop in annual inflation - voila! Of money

2024-03-15T12:15:35.404Z

Highlights: The consumer price index rose in February 2024 by 0.4%, according to the announcement of the Central Bureau of Statistics. Price decreases were recorded in clothing items, and housing services. Significant increases in rent for all merchants. The construction materials actually went down in the last 12 months. The prices of apartments, which are not part of the index, increased by 1.2% per year. The price of wood for construction (by 2.1%) and elevators (by 1.3%) increased.


Price decreases were recorded in clothing items, and housing services. Significant increases in rent for all merchants. The construction materials actually went down


The control of food prices/spokesperson of the State Comptroller

The consumer price index rose in February 2024 by 0.4%, according to the announcement of the Central Bureau of Statistics.

In the last 12 months, the consumer price index rose by 2.5%.



Notable price increases were recorded in fresh fruit sections which increased by 10.7%, footwear which increased by 1.4%, culture and entertainment which increased by 1.2%, miscellaneous which increased by 1.0%, apartment maintenance which increased by 0.9%, food, furniture and household equipment and transportation which increased At 0.7%, each.



Notable price decreases were recorded in the sections: clothing which decreased by 2.5% and housing services owned by the tenants which decreased by 0.6%.



In the monthly rent, for the tenants who renewed a contract, an increase of 3.0% was recorded and for the new tenants (apartments in the sample where there was a change of tenant) an increase of 4.5% was recorded.



The input price index in residential construction decreased in February 2024 by 0.2% and reached 129.9 points compared to 130.2 points in the previous month, the basis for comparison is July 2011, which is equal to 100.0 points.

Since the beginning of the year, this index has increased by 0.1%.



In the last 12 months, the input price index in residential construction rose by 1.0% due to the increase in index prices without labor wages by 0.6% and in labor wage prices by 1.6%.



The price index of materials and products decreased in February 2024 by 0.7%.

Among the materials and products, the prices of construction iron (by 4.0%), imported concrete (by 2.2%), mortar (by 1.9%), iron mesh (by 1.2%) and stone (by 1.0%) fell in particular.

On the other hand, the prices of wood for construction (by 2.1%) and elevators (by 1.3%) increased.

Food increased by 0.7%.

Supermarket/ShutterStock

Tenant-owned housing services decreased by 0.6%.

Getting Started Image Building/Processing, Shutterstock

The prices of apartments, which are not part of the index, increased by 1.2% per year.

Comparing the prices of the transactions carried out in the months of December 2023 - January 2024 compared to the prices of the transactions carried out in the months of November - December 2023, the prices of the new apartments increased by 0.4%.



Segmented by district, the following price changes were recorded: Jerusalem (1.4%), North (1.1%), Haifa (1.5%), Center (1.1%), Tel Aviv (1.1%) and South (1.8%).

  • More on the same topic:

  • The consumer price index

Source: walla

All business articles on 2024-03-15

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