Inflation slows: July index rose by 0.31%, housing prices fell by 0.21%

August 15, 2023   

Inflation is slowing down: The Consumer Price Index was published today (Tuesday), and according to the data, it rose in July by 0.31% - slightly less than expected. Riddle: Which flavor of 'Milky' delicacy is the best-selling after 40 years? Annual inflation is 3.3%, after being 4.2% at the end of July. Rent continued to soar for tenants whose tenants changed, climbing 9% in July. For tenants who renewed their leases, an increase of 3.8% was recorded. Notable price increases recorded in July: > Vegetables and fruits increased by 3.4% > Housing and transportation increased by 0.7% each > Home maintenance increased by 0.6% > Food increased by 0.4% Notable price drops recorded in July: > Clothing and footwear decreased by 4.8% > Furniture, home equipment and communications decreased by 1.2% Apartment prices decreased by 0.2% in May to June, compared to April to May. In the breakdown by districts, the following price changes were recorded: Jerusalem (0.3%), North (0.5%), Haifa (0.5%), Center (0.0%), Tel Aviv (-1.3%) and South (0.0%). The price of new apartments decreased by 0.6% and, on an annual basis, apartment prices increased by 5.2% between May to June in 2022, compared to this year.