The consumer price index rose by 1.1% in the month, apartment prices completed an annual increase of about 18%

The most notable price increases were recorded in the price of fresh fruit, which increased by 8.5%.

In addition, transportation prices increased by 3.3% and culture and entertainment prices increased by 1.2%.

According to the CBS, for 10% of the tenants who renewed a contract in their apartment, there was an increase of about 3.5% in the rent. For 4% of the renters, there was an increase of about 7%

Bini Ashkenazi

08/15/2022

Monday, August 15, 2022, 6:30 p.m. Updated: 6:32 p.m.

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The consumer price index rose by 1.1% in July 2022, according to data published today (Monday) by the Central Bureau of Statistics.

In total, in the last year the consumer price index rose by 5.2%.

The most notable price increases were recorded in fresh fruit sections which increased by 8.5%, transportation which increased by 3.3%, housing which increased by 1.2%, culture and entertainment which increased by 1.2% and miscellaneous which increased by 1.0%.

On the other hand, notable price decreases were recorded in the clothing and footwear section which decreased by 4.0%.

The rent section without public rent increased by 0.6%.

According to the CBS, 86% of the tenants are under an existing contract, so the index for them remains almost unchanged. For 10% of the tenants who renewed a contract, an increase of about 3.5% was recorded. For 4% of the renters, an increase of about 7% was recorded.

The prices of fresh fruits increased by 8.5% (Photo: PR)

From the comparison of the prices of the transactions carried out in the months of May-June 2022 compared to the prices of the transactions carried out in the months of April-May, it was found that the prices of the apartments increased by 2.0% and thus completed an increase of 17.8% compared to the corresponding period last year.

This is the highest annual price increase in a decade.

In the segmentation of apartment price changes by districts in these months, price increases were recorded in all districts: Jerusalem (3.0%), North (2.6%), Haifa (2.3%), Center (1.7%), Tel Aviv (2.0%) and South (1.0%) .

Compared to the same period last year, price increases were recorded in all districts: Center (20.5%), Jerusalem (18.3%), Tel Aviv (17.6%), Haifa (16.4%), North (14.6%) and South (14.3%).

In the new apartment price index, it was found that their prices increased by 2.1% in the months of May-June compared to April-May, completing a 17.5% increase compared to the corresponding period last year.

The percentage of transactions that were carried out with government support and participated in the calculation is 26.8% compared to 28.5% in the previous period.

Also, in the second quarter of 2022, the average price nationwide was NIS 1.88 million, an increase of 4.4% compared to the average price in the previous quarter.

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