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Israeli consumer goods prices rose by 2.8% in 2021 — highest increase in 13 years

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The cost of consumer goods in Israel rose by 2.8 percent over the course of 2021, data released by the Central Bureau of Statistics showed Friday, the highest rate in 13 years.

The figure for the annual consumer price index was calculated after the latest numbers from the month of December (0.3% increase) were factored in.

The CPI measures the average cost of household goods. Particular rises were seen in clothing and footwear (1.1%), home furnishings (0.7%) and food (0.5%).

Meanwhile national housing prices continued their steep rise, with average prices for homes across the country growing by 10.6%.

The Finance Ministry has announced plans for legislative amendments in the coming months........

© The Times of Israel

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