CPI slipped in September by 0.1% - housing price index fell by 0/3%

Posted on Oct 15, 2020 by Ifi Reporter

The low consumption towards and during the second closure affected the decline in the consumer price index, which fell in September by 0.1% and inflation continues to be much lower than the government target. This is according to data published today (Thursday) by the Central Bureau of Statistics (CBS).
Significant price declines were recorded in the sections 2.1%, clothing 0.9% and food 0.7%. In contrast, significant price increases were recorded, due to seasonality, in fresh vegetable items 7.2%, footwear 1.7%, education services 1.3% and furniture and household equipment 0.6%.
Since the beginning of the year, the consumer price index has fallen by 0.7%, as in the last twelve months (September 2020 compared with September 2019), the consumer price index has fallen by 0.7%. The government target for the entire year stands at 1% to 3% so there is no doubt that the target will be missed this year.
Tonight, the CBS also published the housing price index, which shows that housing prices in July-August fell by 0.3% compared to the two months before them (June-July). This completed an increase of 2.3% compared to the same period last year. -July this year, apartment prices rose by a percentage point, thus completing an annual increase of 2.9%, meaning that there was a certain slowdown in the rise in prices.
In the price index of new dwellings, it was found that their prices increased in July-August compared to June-July 2020 by 1.7%, thus completing an increase of 0.4% compared to the corresponding period last year (July-August 2019). The percentage of transactions carried out with government support and participated in the calculation is 41.1%, compared with 44.4% in the previous period (June-July 2020).


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