Unexpectedly low February CPI reading cuts inflation

Israel’s Shopper Value Index (CPI) was unchanged in February 2025 in line with figures launched by the Central Bureau of Statistics right this moment. Analysts had predicted a 0.2%-0.3% rise, after the CPI had risen 0.6% in January 2025, partially attributable to tax hikes. The February studying brings annual inflation in Israel down to three.4% from 3.8% on the finish of January, bringing inflation nearer to the higher restrict of the Financial institution of Israel’s annual goal vary of three%.

Distinguished value will increase have been in contemporary fruits, which rose 10.5%, tradition and leisure, which rose 0.8%, communications, which rose 0.7% and meals and rents, which every rose 0.3%.

Distinguished value declines have been in contemporary greens, which fell 7.1%, clothes, which fell 3%, and housing companies, which fell 0.3%.

The Central Bureau of Statistics has additionally printed the change in dwelling costs (which aren’t a part of the final CPI) between November-December 2024 and December-January 2024/2025. On common, costs rose 1.2%, after rising 0.4% the earlier month. Within the breakdown by area, costs rose by 3% in Jerusalem, 1.8% within the north, 0.1% in Haifa, 0.2% within the heart, 1.8 % in Tel Aviv, and 1.1% within the south. Costs of latest residences rose 1.7%.

Within the comparability between December-January 2024/2025 and December-January 2023/2024, the index of housing costs rose 7.7%. Within the breakdown by area, costs rose by 10.3% in Tel Aviv, 9.9% within the north, 9.5% in Haifa, 5.6% in Jerusalem, 5% within the heart, and 4.5% within the south. Costs of latest residences have risen by 5.4% over the previous 12 months.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 14, 2025.

© Copyright of Globes Writer Itonut (1983) Ltd., 2025.