Cost of Living: Inflation at 0.3%, but housing up 7.7% in year
The housing market has been in flux as buyers wait to see whether Finance Minister Yair Lapid’s 'zero-VAT' bill is approved.
The consumer price index rose 0.1% in July, the Central Bureau of Statistics announced Friday, bringing inflation for the past 12 months to just 0.3%. If housing costs are excluded, prices actually declined by 0.5% over the past year. There was a steep drop, 7.5%, in the price of clothing and shoes while the cost of books rose by 9.3%.
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