The consumer price index in October rose by 0.1%, the Central Bureau of Statistics (CBS) said today (Monday), thus completing an increase of 2.6% since the beginning of the year and 2.3% since October 2020.
The index is published against the background of price increases in the economy, as well as the Authority's investigation into competition against some of the marketing chains and food producers.
As part of the investigation, several senior executives have already been questioned, with the suspicion that they conveyed coordinated messages in the media in preparation for rising prices.
This is when the dollar depreciates relative to the shekel, which should stop prices from rising.
Residential buildings in Jerusalem (archive), Photo: Jonathan Shaul
According to the data, from a comparison of the prices of transactions made in August-September this year compared to transactions made in July-August this year, it was found that apartment prices rose by 0.7%, thus completing an increase of 9.9% compared to the same period last year.
In the segmentation of changes in housing prices by district in August-September this year compared with July-August, price increases were recorded in the south (1.6%), in the north and in the center (1.5) and in Haifa (1%).
Decreases were recorded in 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 the same months last year, 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%).
Buildings in Tel Aviv (archive), Photo: Yehoshua Yosef
The price index of new dwellings found that their prices decreased by 1.2% in August-September 2021 compared to July-August this year, thus completing an increase of 8.3% compared to the corresponding period last year.
The rate of transactions carried out with government support and that participated in the calculation is 23.7%, compared with 20.6% in the previous period (July-August this year).
According to the CBS, the national average price of a transaction for the purchase of an apartment was NIS 1,680.4 million in the third quarter of 2021. In the previous quarter, the average price was NIS 1,685.2 million.
Recently, the Ministers of Finance, Interior and Construction presented a plan to cool the rising housing prices.
Among other things, the plan includes a ban on the use of Airbnb apartments in Tel Aviv, as well as a ban on the use of residential apartments for the establishment of businesses such as clinics.
Rise in culture, decline in transportation
The data recorded also show significant price increases in the clothing and footwear sections (3.6%), culture and entertainment (1.1%) and food (0.9%).
In contrast, significant price decreases were recorded in fresh vegetables and fruits (2.5%) and in transportation (1.1%).
Additional increases were recorded in the price index of construction inputs (0.2%) and in the item "Materials and products - total" (0.6%).
Prices of residential construction inputs have risen by 4.8% since the beginning of the year and by 5.2% since last October.
Further increases were recorded in the price index of industrial output for domestic destinations (0.8%), in refined petroleum products (7%), clothing products (6.5%), beverages (2%) and rubber and plastics products (1.8%).