Apartment prices increased by 0.1% (Photo: Reuven Castro)
The consumer price index was published this evening (Wednesday) and shows another increase.
In the last month, the index rose by 0.5% percent, and by 5.2% compared to the situation at the same time last year.
Notable price increases were recorded in the categories of fresh vegetables and fruits which increased by 3.8%, culture and entertainment which increased by 0.9%, food which increased by 0.8%, transportation and miscellaneous which increased by 0.5%, and housing and apartment maintenance which increased by 0.4%.
Notable price increases were recorded in clothing and footwear items which decreased by 3.3% and communication which decreased by 0.4%.
From the comparison of the prices of the transactions carried out in the months of December 2022 - January 2023 compared to the prices of the transactions carried out in the months of November - December 2022, it was found that the prices of apartments increased by 0.1% and thus completed an increase of 14.6% compared to the corresponding period last year (December 2021 - January 2022).
In the segmentation of apartment price changes by district in the months of December 2022 - January 2023 compared to the months of November - December 2022, the following price changes were recorded: Jerusalem (-1.1%), North (0.6%), Haifa (-0.9%), Center (1.3%), Tel Aviv (0.5%) and South (0.1%).
Also, on the issue of rent, the rent section without public rent increased by 0.5%.
It should be noted that regarding the monthly rent, there was an increase of about 4.4% for tenants who renewed a contract, and 7.5% for new tenants.
A noticeable increase in the prices of fresh vegetables and fruits (Photo: Sholinka)
Comparing the current period December 2022 - January 2023, compared to the corresponding period last year, December 2021 - January 2022, double-digit price increases were recorded in all districts: Haifa (16.4%), Central (16.1%), North (16.0%), Tel Aviv (13.4%), Jerusalem (13.4%) and the South (13.2%).
From the comparison of the prices of the transactions carried out in the months of December 2022 - January 2023 compared to November - December 2022, it was found that the prices of the new apartments remained unchanged.
In the last year, the construction input price index in residential construction rose by 4.5%.
This is mainly due to the increase in sales of materials and products, and the price of labor wages.
Among the materials and products, the prices of finished products made of wood and other materials (by 3.5%), iron nets (by 2.7%), iron for construction (by 1.7%) and fire extinguishing products (by 1.5%) fell in particular.
Glass prices, on the other hand, rose (by 7.2%).
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A 7.5% increase in the rent for new tenants (Photo: Reuven Castro)
Other product prices that saw an increase were refined petroleum products (by 11.4%), tobacco products (by 2.5%), electrical equipment (by 2.4%), machinery and equipment (by 1.9%) and computers, electronic and optical equipment (by -1.0%).
On the other hand, the prices of paper and its products decreased (by 1.0%), furniture (by 1.1%), rubber and plastic products (by 1.7%) and clothing products (by 3.2%).
Last month, the highest index in 20 years was estimated - 5.4%.
The rising and falling price index (inflation and deflation) serves as an essential part in determining the Bank of Israel's interest rate which will be published next week, currently at 4.25%.
A slight change can be seen in the index due to the change in the measurement parameters last February.
The change, which occurs every two years, reorganizes the basket of basic household products in Israel: from food and agricultural produce, through fuel and taxes to flights and vacations abroad.
As mentioned, last month the contents of the basket were changed, with the most expensive item Israelis pay for being housing - 26%.
It is followed by transportation and communication - 17.5%, and in third place in the ranking - food (including vegetables and fruits) with 18.3%.
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The consumer price index