The Consumer Price Index remained unchanged in the month of June 2023, indicating a significant decrease in the annual inflation rate, which dropped to 4.2%, according to the latest print issued Friday.
These figures are better than expected, as forecasts predicted a slight increase of around 0.2%-0.3% and an annual inflation rate of 4.5%. Meanwhile, housing prices recorded a decrease of 0.3% in April-May compared to March-April, and dropped to an annual 7.6%. However, rent prices continue to surge, rising by 9.8% in June for apartments where the tenant was replaced. (Hila Tsion)