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ISRAEL AT WAR - DAY 435

Consumer Price Index

Construction works on new housing in the southern Israeli city of Kiryat Gat, July 29, 2024. (Yossi Aloni/Flash90)
September 15, 2024, 9:49 pm
Israeli inflation picks up more than forecast as travel costs and home prices soar
Consumer prices accelerated to 3.6% in August, the highest level since October, reducing the odds that the central bank will cut high borrowing costs in the coming months
By Sharon Wrobel
Illustrative. A man looks at dairy products while shopping at a Rami Levy supermarket. (Nati Shohat/Flash90)
July 15, 2024, 9:57 pm
Inflation edges higher, bolstered by uptick in housing prices
In June, annual inflation rose to 2.9%, reaching the upper range of the government’s target, reducing the odds that high borrowing costs will be lowered in coming months
By Sharon Wrobel
The busy aisles at a Rami Levy supermarket in Pardes Hannah-Karkur, on October 10, 2023. (Gavriel Fiske/ Times of Israel)
April 15, 2024, 10:06 pm
Inflation edges higher as housing costs and travel prices rise
Consumer prices rose by an annual 2.7% in March, from 2.5% in February, reducing the odds that the central bank will lower already high borrowing costs for consumers in May
By Sharon Wrobel
The busy aisles at a Rami Levy supermarket in Pardes Hannah-Karkur, on October 10, 2023. (Gavriel Fiske/ Times of Israel)
November 15, 2023, 10:17 pm
Amid war with Hamas, annual pace of inflation eases in October
Annual inflation eases to 3.7% ahead of Bank of Israel interest rate decision on Nov. 27; war expected to affect economy, dampen growth prospects
By Sharon Wrobel
A shopping cart at the Rami Levy supermarket in Modiin on July 21, 2022. (Yossi Aloni/Flash90)
October 15, 2023, 11:45 pm
Israel inflation rate unexpectedly falls in September, raising odds for rate cut
Annual inflation eases to 3.8% ahead of Bank of Israel interest rate decision next week; war with Hamas expected to affect economy, dampen growth prospects
By Sharon Wrobel
Illustrative: A shopper at a Rami Levy supermarket in Modiin on February 1, 2022. (Yossi Aloni/Flash90)
September 15, 2023, 10:52 pm
Annual inflation back up to 4.1% as consumer goods costs climb
Prices of fresh produce, transportation, entertainment, rent increase; drop seen in costs for clothing, footwear, furniture
By ToI Staff
File: People shop for dairy products at the Shufersal Deal supermarket in Katzrin, on November 28, 2022. (Michael Giladi/Flash90)
July 14, 2023, 4:57 pm
Consumer prices stay steady in June, in latest sign of easing inflation
Price drops on fresh produce, clothes and furniture outweigh hikes elsewhere, matching trends around the world as higher interest rates smother spending
By ToI Staff
Illustrative: People shop at the Jerusalem Mahane Yehuda market, during the Jewish holiday of Passover, April 19, 2022. (Yonatan Sindel/Flash90)
March 15, 2023, 9:58 pm
Israeli inflation higher than forecast in February, boosting odds of more rate hikes
Rise of consumer prices over past 12 months eased to 5.2% in February versus expectations of 5%; Bank of Israel governor signals interest rates will climb higher still
By Sharon Wrobel
File: The Tel Aviv skyline (Miriam Alster/FLASH90)
February 15, 2023, 11:51 pm
Inflation higher than expected in January; housing costs keep rising
Cost of living rises 0.3% over the month, bringing the year-on-year rise of consumer price index to 5.4% — highest since 2008; home sales slow but prices remain high
By Danielle Nagler
Illustrative. Apartment buildings under construction in Beersheba's Ramot neighborhood, August 2018. (verbaska_studio via iStock by Getty Images)
November 16, 2022, 9:16 am
Housing prices jump almost 20% in 2022, costs of consumer goods up 4.9%
Consumer Price Index shows 0.6% increase last month, inflation climbs to 5.1% in October 2022 compared to October 2021
By Ricky Ben-David
The Bank of Israel's main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/ Flash90)
October 3, 2022, 9:06 pm
Bank of Israel hikes interest rate to 2.75% to bring inflation within target range
Central bank chief says Israel’s economy is strong, but suffers from range of challenges, including global slowdown, rising housing prices, and political uncertainty
By Ricky Ben-David
View of the Bank of Israel main offices in Jerusalem, on March 31, 2019. (Yonatan Sindel/Flash90)
August 22, 2022, 7:01 pm
Bank of Israel raises interest rate to 2% as inflation continues to climb
Hike comes just over a month after central bank increased key rate to 1.25%, with additional rises expected
By Ricky Ben-David
Illustrative: A man shops for bread in a supermarket in Jerusalem. (Orel Cohen/Flash90)
July 15, 2022, 5:29 pm
Major supermarkets freeze bread price hike, as government scrambles for solution
Lapid to hold ‘urgent’ meeting to develop strategy to deal with planned 20% rise in the cost of bread products
By ToI Staff
A man shops for groceries at a Rami Levy supermarket in Jerusalem on February 3, 2022. (Yonatan Sindel/Flash90)
June 15, 2022, 9:57 pm
Cost of consumer goods up 4.1% in past year, as housing prices keep climbing
Consumer Price Index shows a 0.6% increase last month, with the cost of fruit surging; home prices up 15.4% in 12 months
By Luke Tress
A construction site of new residential buildings in the Ir Yamim neighborhood in the costal city of Netanya, March 26,2020. (Gili Yaari / Flash90)
May 15, 2022, 9:23 pm
Housing prices soar by more than 16% in past year, highest rise in over a decade
Consumer prices rise by 0.8% in April, 4% over past year, with notable upticks in fresh vegetables and fruits, clothing and footwear, transportation, culture and entertainment
By ToI Staff
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