The Central Bureau of Statistics published today (Friday) the Consumer Price Index, which rose by 0.51% in October, as expected. This leaves annual inflation at 2.51% - unchanged from the previous month.
Notable price increases were recorded in October in the vegetable and fruit categories, which rose by 3.91%, clothing and footwear by 31%, and food by 1.41%.
According to estimates, given the fact that inflation remained within the target range this month, the Bank of Israel will be able to lower the interest rate in its next decision in 10 days.
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Apartment prices fell by 0.31% in August-September compared to July-August. This moderated the annual increase in apartment prices to 0.51%.
In the breakdown by districts, apartment prices in August-September increased by 0.5% in the Jerusalem District and by 0.3% in the Northern District. Prices decreased by 0.1% in the Tel Aviv District, by 0.3% in the Southern District, by 0.9% in the Central District and by 1.2% in the Haifa District.
