March CPI increased than anticipated, housing costs rise

Israel’s Client Worth Index (CPI) rose 0.5% in March 2025 in accordance with figures launched by the Central Bureau of Statistics at this time. Analysts had predicted a 0.4% rise, after the CPI was unchanged in February 2025. The March studying brings annual inflation in Israel down to three.3% from 3.4% on the finish of February, bringing inflation nearer to the higher restrict of the Financial institution of Israel’s annual goal vary of three% however not as shut as the three.1% inflation determine predicted by analysts.

Outstanding value will increase in March had been in clothes and footwear, which rose 2.2%, tradition and leisure, which rose 1.5%, recent fruit, which rose 1.3% and housing providers, which rose 1.2%.

Outstanding value declines had been in furnishings and family gear, and communications, which every fell 0.4%.

The Central Bureau of Statistics has additionally printed the change in residence costs (which aren’t a part of the overall CPI) between December-January 2024/2025 and January-February 2025. On common, costs rose 0.9%, after rising 1.2% the earlier month. Within the breakdown by area, costs rose by 1.4% in Jerusalem, 1.8% within the north, 0.9% in Haifa, fell by 0.3% within the heart, rose by 1.5 % in Tel Aviv, and 1.1% within the south. Costs of latest residences rose 1%.

Within the comparability between January-February 2025 and January-February 2024, the index of housing costs rose 7.5%. Within the breakdown by area, costs rose by 11.7% within the north, 9.7% in Tel Aviv, 8.8% in Haifa, 6.8% in Jerusalem, 5.1%, and three.8% within the heart. Costs of latest residences have risen by 6.4% over the previous yr.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 15, 2025.