Israel’s Consumer Price Index (CPI) did not change to February 2025, according to figures released by the Central Bureau of Statistics today. Analysts had predicted an increase of 0.2%-0.3% after a 0.6% increase in CPI in January 2025. In February readings, Israel’s annual inflation fell to 3.4% from 3.8% at the end of January, with inflation approaching the Israeli Bank’s annual target of 3%.
Notable price increases were 0.8% for fresh fruit, culture and entertainment, which rose 10.5%, communications rose 0.7%, and food and rent rose 0.3% respectively.
Notable price drops were fresh vegetables, which fell 7.1%, clothing that fell 3%, and housing services that fell 0.3%.
The Central Bureau of Statistics has also announced changes to home prices (not part of the general CPI) between November 2024 and December 2024. On average, prices rose 1.2% after a 0.4% increase the previous month. In regional breakdowns, prices rose 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 for new apartments rose 1.7%.
Comparisons between January 2024/January 2025 and January 2025 and January 2023 to December 2024, the home price index rose 7.7%. Regional breakdowns saw prices rise 10.3% in Tel Aviv, 9.9% in the north, 9.5% in Haifa, 5.6% in Jerusalem, 5% in the middle and 4.5% in the south. Prices for new apartments have risen 5.4% over the past year.
Published by Globes, Israel Business News – En.globes.co.il – March 14, 2025.
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