The consumer price index for May dropped by 0.3%, causing the annual inflation rate to fall to 3.1%, approaching the upper target set by the government (3%). This came as a surprise, as analysts had predicted a moderate increase of up to 0.2%. For the first time in six months, apartment prices fell - the housing price index for March-April this year slightly decreased by 0.1% compared to the previous two months, completing an annual increase of 5.1%. This is in contrast to higher increases in previous indices.
Inflation down to 3.1%, housing prices also decrease
Gad Lior, Hila Zion|
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