After the US consumer price index was updated upwards to 6.8% per year, in Israel the strong shekel dampens inflationary winds from the US and Europe, and the pressure on food chains is also showing its signs: The consumer price index fell in November by 0.1% - it published Tonight (Wednesday) Central Bureau of Statistics (CBS).
Significant price decreases were recorded in the items of fresh vegetables and fruits which decreased by 5.8%, culture and entertainment which decreased by 1.6% and clothing and footwear which decreased by 0.8%.
Significant price increases were recorded in the Home Furniture and Equipment section, which rose by 2.4%.
Since the beginning of the year, the consumer price index has risen by 2.5%, and in the last twelve months (November 2021 compared to November 2020), the consumer price index has risen by 2.4%.
The price index of residential construction inputs rose by 0.5% in November.
Since the beginning of the year, the price index of residential construction inputs has risen by 5.3%, and in the last twelve months (November 2021 compared with November 2020), the price index of residential construction inputs has risen by 5.8%.
The increases are due to the increase in the prices of materials and products by 10.4%, the rental of equipment and vehicles by 8.9% and the prices of wages by 1.3%.
Apartment prices soared
Housing prices, which are not included in the consumer price index, rose in November (based on transactions made in September-October) by 0.9%, thus completing an increase of 10.3% compared to the same period last year.
In the segmentation of changes in housing prices by district, price increases were recorded in the southern districts 1.5%, Haifa 1.4%, Tel Aviv 1.3%, Jerusalem 1.2%, and Central 0.2%;
In contrast, prices fell in the Northern District, which fell by 0.5%.
In the price index of new dwellings, it was found that their prices remained unchanged in this index, thus completing an increase of 8.9% compared with the corresponding period last year.
The percentage of transactions carried out with government support and participated in the calculation is 26.5%, compared with 22.8% in the previous period.
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