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The price index rose by 0.3% | Israel today

2020-11-16T03:28:53.512Z


| economyA jump in clothing and footwear prices and fresh vegetables and fruits led to increases in the consumer price index in October • Apartment prices fell slightly • Since the beginning of the year, the index has fallen by 0.4% Sharp rise in prices, archive - those photographed have nothing to do with the content of the article Photography:  Gideon Markovich The consumer price index rose by 0.3%


A jump in clothing and footwear prices and fresh vegetables and fruits led to increases in the consumer price index in October • Apartment prices fell slightly • Since the beginning of the year, the index has fallen by 0.4%

  • Sharp rise in prices, archive - those photographed have nothing to do with the content of the article

    Photography: 

    Gideon Markovich

The consumer price index rose by 0.3% in October 2020, according to data from the Central Bureau of Statistics.

Significant price increases were recorded in clothing and footwear items, 3.6%, and fresh vegetables and fruits, 3.2%.

Since the beginning of the year, the consumer price index has fallen by 0.4% and in the last 12 months (October this year compared to October last year), the consumer price index has fallen by 0.8%. 

Housing prices, which are not part of the consumer price index, fell by 0.2% - this is a comparison of the prices of transactions made in August-September compared to the prices of transactions made in July-August. 

Thus, housing prices completed a 2.4% increase compared to the same period last year - August-September. 

In the segmentation of changes in apartment prices for the corresponding period last year by districts, price decreases were found in the districts: Haifa 1.6%, Tel Aviv 1.2%, Central and South 0.2% each.

In contrast, price increases were found in the northern districts - 2.8% and in Jerusalem 0.7%.

In the segmentation of changes in housing prices by district compared with the corresponding period last year, price increases were recorded in most districts, with the most prominent being in the northern districts - 3.7%, Tel Aviv - 3.1% and Jerusalem 2.6%.

In the price index of new dwellings, it was found that their prices increased in the months of August 2020 to September 2020, compared with July 2020 to August 2020, by 1.4%, thus completing an increase of 3.7% compared with the corresponding period last year. 

The rate of transactions carried out with government support and participated in the calculation is 39.8%, compared with 45.0% in the previous period (July-August this year).

The national average price of a deal to purchase an apartment in the third quarter of the year was NIS 1.53 million.

In the previous quarter, the average price was NIS 1.54 million.

Source: israelhayom

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