The Consumer Price Index for April was published today (Thursday) and showed a spike in inflation and a recession in housing prices: According to the data, the Consumer Price Index rose by 1.1% in April 2025 compared to March 2025 - far exceeding expectations of 0.6%-0.7%.
Since the beginning of the year, the index has risen by 3.61%, and annual inflation - the change in the index for the past 12 months - also amounts to 3.61%.
Notable price increases were recorded in the transportation sections, which rose by 4.9%, culture and entertainment, which rose by 1.6%, clothing and fresh fruit, which rose by 1.5%, each, and housing, which rose by 0.6%. Notable price decreases were recorded in the fresh vegetables sections, which fell by 1.0%, and furniture and home equipment, which fell by 0.5%.
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The monthly rent for tenants who renewed their contract increased by 2.7%, and for new tenants - apartments in the sample where there was a tenant turnover, an increase of 4.7% was recorded.
Apartment prices rose in February-March by only 0.1% compared to January-February, after jumping by 0.9% in the last index. On an annual basis, prices rose by 6.4%.
In the breakdown by districts, the following price changes were recorded in February-March: Jerusalem (0.8%), North (1.0%), Haifa (0.2%), Center (0.1%-), Tel Aviv (0.3%-) and South (0.0%). Prices of new apartments increased by 0.6%.
