Israeli Home Prices Surged Higher in October, Though Government Says It May Revise Figure

With Finance Minister Kahlon staking his political career on reining in home prices, the surge in prices is embarrassing and may even call into question a fundamental tenet of housing policy.

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In an otherwise dull October consumer price index, the price of housing surged at its fastest rate since the end of 2013, the Central Bureau of Statistics reported on Tuesday.