Israel's Consumer Price Index (CPI) rose unexpectedly by 0.3% in December 2021, the Central Bureau of Statistics reports, above the analysts' expectations of 0.1-0.2%. During 2021, the CPI rose by 2.8%, within the Bank of Israel's target range for inflation of between 1% and 3%.
Inflation hit its highest rate for a decade in 2021, after negative inflation of 0.7% in 2020 due to the COVID crisis.
There were significant price rises in December in footwear and clothing (1.1%), housing costs (0.8%), furniture and household equipment (0.7%), and food (0.5%). There were significant price falls in fresh fruit and vegetables (2.7%) and culture and entertainment (0.8%).
console.log("BODY2. CatId is:"+catID);if(catID==120){console.log("BODY. YES for anyclip script");document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){console.log("BODY. YES for vidazoo script");document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }The housing prices index, which is separate from the CPI, continued to rise in the period October-November, in comparison with September-October, climbing by 1.4%. Housing prices have risen 10.6% over the past 12 months, and by 18% since the start of 2019.
HOUSING GOES up in the new neighborhood of Ramat Beit Shemesh Bet, 2019. (credit: HADAS PARUSH/FLASH90)
