Inflation celebrates:
The consumer price index rose 0.6% in May 2022, slightly lower than analysts' forecasts of a 0.7% increase, thus completing an annual increase (May 2022 vs. May 2021) of 4.1%.
The CBS data also show that the annual rate of increase in housing prices began to moderate and stood at 15.4% in the past year, so everyone today (Wednesday) from the publication of the Ministry of Finance's Consumer Price Index.
The index, which is not part of the consumer price index, appears to have increased housing prices by 0.9% from the comparison of transaction prices made in March 2022 - April 2022, compared to transaction prices made in February 2022 - March 2022. March to April in 2021.
As mentioned, the consumer price index rose by 0.6% in May 2022. In the last twelve months (May 2022 compared to May 2021), the consumer price index rose by 4.1%.
Significant price increases were recorded in fresh fruit items, which increased by 13.8%, clothing and footwear, which increased by 2.2%, food, which increased by 0.9%, culture and entertainment, which increased by 0.8%, and transportation, which increased by 0.5%.
Significant price decreases were recorded in the fresh vegetables section, which decreased by 0.7%.
The rent index rose by 0.2%, the index does not include public rents.
Price index of residential construction inputs
The price index of residential construction inputs rose by 0.5% in May 2022. In the last year, starting in May 2021, the price index of residential construction inputs rose by 6.6%.
Significant price increases were recorded in the item "Materials and products - total" which increased by 0.9%.
It should be noted that in this section, air conditioning prices rose by 4.8%, cement by 4.6%, iron for construction by 4.1%, paints by 2.6% and imported concrete, which rose by 2.1%.
Significant price increases were recorded in the following industries: electrical equipment by 3.7%, machinery and equipment by 2.3%, computers for electronic and optical equipment by 2.0%, rubber and plastic products by 1.5%, and non-metallic mineral products by 1.0%.
In contrast, prices of refined petroleum products fell by 1.9% and basic metals by 1.4%.
Change in housing market prices: a 1.6% increase in housing prices in Tel Aviv
In the segmentation of changes in apartment prices by district in the months of March to April of the year, compared with the month preceding the period.
Price increases were recorded in the following districts: Tel Aviv 1.6%, South 1.1%, Central 1.0%, Haifa 0.9%, North 0.8%.
The decrease in prices was recorded in the Jerusalem district only 1.1%.
In the segmentation of changes in apartment prices by district compared to the corresponding period last year, between March and April, price increases were recorded in all districts: Central (18.3%), Tel Aviv (15.3%), Haifa (14.1%), South (14.1%), Jerusalem (12.7% ), And North (12.4%).
In the price index of new dwellings, it was found that their prices increased by 0.4% between March and April this year compared to February to March, and completed an increase of 21.8% compared to the corresponding period last March 2021 - April 2021. Transactions made with government support and participated in the calculation are 22.2% Previous between February and March of the year.
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