The cost of living in Israel continued its steady climb in July-August as apartments became 1.2% more expensive, the cost of fresh fruit and vegetables rose by 9.5%, and the Consumer Price Index increased 0.2%.
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The CPI has risen by 2.5% since the beginning of the year, closer to the upper margin of the government's inflation goal – between 1% and 3%.
Meanwhile, there were also significant price falls in culture and entertainment (2.6%) and clothing (2.1%).
The housing prices index, which is separate from the CPI, continued to rise in the July-August period, compared with June-July, climbing by 1.2%. Housing prices have risen 9.2% over the past 12 months.
During July-August compared with June-July, housing prices in Jerusalem rose by 2.5%, central Israel (1.9%), Tel Aviv (1.8%), southern Israel (1.1%) and Haifa (0.6%). Prices in the north fell by 0.5%.
In the 12 months prior to July-August 2021, prices in Jerusalem rose 10.7%, central Israel (10.5%), northern Israel (9.6%), Tel Aviv (9.5%), southern Israel (7.3%), and Haifa (6%).
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