Apartment prices continue to soar, with a further rise in the consumer price index

Apartment prices have risen by another 1.4% in the past month, completing a jump of 10.6% in the last 12 months.

Significant price increases were recorded in the prices of clothing and footwear, furniture and food.

Prices of vegetables and fruits fell by 2.7%.

Between Ashkenazi

14/01/2022

Friday, 14 January 2022, 14:05 Updated: 14:18

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The consumer price index rose by 0.3% in December 2021, thus completing an annual increase of 2.8% in 2021 as a whole, according to data published today (Friday) by the Central Bureau of Statistics.

Significant price increases were recorded in the clothing and footwear section, which increased by 1.1%, housing, which increased by 0.8%, furniture and household equipment, which increased by 0.7% and food, which increased by 0.5%.

On the other hand, significant price decreases were recorded in the items of fresh vegetables and fruits, which decreased by 2.7% and culture and entertainment, which decreased by 0.8%.

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The price index of residential construction inputs rose by 0.2% in December 2021, thus completing an annual increase of 5.6% in 2021 as a whole.

Significant price increases during 2021 were recorded in the item "Materials and products - total" which increased by 4.1%.

It should be noted that in this section, the prices of iron for construction increased by 35.4%, wood for construction by 24.6% and air conditioning by 19.1%.

The price index of manufacturing output to domestic destinations decreased by 0.8% in December 2021 and thus completed an annual increase of 11.9% in 2021 as a whole.

Significant price increases during 2021 were recorded in the following industries: "Refined Petroleum Products" by 63.7%, "Basic Metals" by 40.5% and "Wood Products" by 22.0%.

Change in housing market prices

Comparing the prices of transactions made in October 2021 - November 2021 compared to the prices of transactions made in September 2021 - October 2021, it was found that apartment prices rose by 1.4%, thus completing an increase of 10.6% compared to the same period last year (October 2020 - November 2020).

In the segmentation of price changes by dwellings by districts in October 2021 - November 2021 compared with September 2021 - October 2021, price increases were recorded in the following districts: Tel Aviv 2.8%, Jerusalem 2.1%, Haifa 1.1%, South 0.9% and Central 0.5%; In contrast, prices in the northern districts fell by 0.4%.

In segmenting the changes in apartment prices by district compared to the corresponding period last year, October 2021 - November 2021 compared to October 2020 - November 2020, price increases were recorded in all districts: Jerusalem 12.3%, Tel Aviv 10.7%, Central 10.5%, Haifa 10.5%, South 9.9% and North 7.1%.

In the price index of new dwellings, it was found that their prices increased by 2.4% in October 2021 - November 2021 compared with September 2021 - October 2021, thus completing an increase of 11.5% compared to the corresponding period last year (October 2020 - November 2020).

The percentage of transactions carried out with government support and participated in the calculation is 23.6%, compared with 24.5% in the previous period (September 2021 - October 2021).

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