Israel's Consumer Price Index Rises 0.3% in July as Annual Inflation Drops to 1.5%
Translated & summarized from Ynet by baba
Israel's Consumer Price Index rose 0.3% in July 2023, lowering annual inflation to 1.5%. Transportation, culture, and housing prices increased, while clothing and fresh produce prices fell. Housing prices showed a slight monthly rise but declined annually by 1.5%.
The story in 5 lines · by baba
- Israel's CPI rose 0.3% in July 2023, down from 0.4% last year.
- Annual inflation rate decreased to 1.5%.
- Transportation prices increased by 1.4%, culture and entertainment by 1.1%.
- Clothing and footwear prices dropped 4.6%, fresh fruits and vegetables fell 3.5%.
- Monthly housing prices rose 0.1%, but annual housing prices declined 1.5%.
Israel's Consumer Price Index (CPI) increased by 0.3% in July 2023. Compared to a 0.4% rise in the same month last year, the annual inflation rate declined to 1.5%. Significant price increases were recorded in transportation (1.4%), culture and entertainment (1.1%), and housing (0.7%). Conversely, notable price decreases occurred in clothing and footwear (4.6%) and fresh fruits and vegetables (3.5%).
Regarding housing prices, the monthly housing price index rose slightly by 0.1% in July, but the annual housing price index fell by 1.5%, continuing a downward trend in home prices over the past year.
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