Israel’s Consumer Price Index (CPI) was unchanged in February 2025 according to figures released by the Central Bureau of Statistics today. Analysts had predicted a 0.2%-0.3% rise, after the CPI had risen 0.6% in January 2025, in part due to tax hikes. The February reading brings annual inflation in Israel down to 3.4% from 3.8% at the end of January, bringing inflation closer to the upper limit of the Bank of Israel’s annual target range of 3%.
Prominent price increases were in fresh fruits, which rose 10.5%, culture and entertainment, which rose 0.8%, communications, which rose 0.7% and food and rents, which each rose 0.3%.
Prominent price declines were in fresh vegetables, which fell 7.1%, clothing, which fell 3%, and housing services, which fell 0.3%.
The Central Bureau of Statistics has also published the change in home prices (which are not part of the general CPI) between November-December 2024 and December-January 2024/2025. On average, prices rose 1.2%, after rising 0.4% the previous month. In the breakdown by region, prices rose by 3% in Jerusalem, 1.8% in the north, 0.1% in Haifa, 0.2% in the center, 1.8 % in Tel Aviv, and 1.1% in the south. Prices of new apartments rose 1.7%.
In the comparison between December-January 2024/2025 and December-January 2023/2024, the index of housing prices rose 7.7%. In the breakdown by region, prices rose by 10.3% in Tel Aviv, 9.9% in the north, 9.5% in Haifa, 5.6% in Jerusalem, 5% in the center, and 4.5% in the south. Prices of new apartments have risen by 5.4% over the past year.
Published by Globes, Israel business news – en.globes.co.il – on March 14, 2025.
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2025-03-14 07:46:00
