"Since the start of the war, the big food companies have raised prices by dozens of percent," said a lobby group.
Despite inflation and government-controlled prices increasing on May 1st, Israel’s microeconomy should be stable. However, Israel’s macroeconomy will face the consequences of the war for a few years.
GDP revealed to have decreased in final quarter of 2023 as a result of conflict, revised report shows.
Rising inflation dampened the joy of Eid al-Fitr in Pakistan, whose economy is considered repressed, according to a Washington-based think tank.
The sharp rate increase sparked a rally for the Turkish lira, which appreciated as much as 2%.
Amir Yaron of the Bank of Israel extends public relief and calls for a committee to devise a multi-year defense budget plan due to economic challenges
The report said the general unemployment rate went up to 10.2% when the conflict started, and now it's at 7.2%, partially due to the many Israelis serving in reserves.
Following last week's release of positive economic indicators, Bank Hapoalim has issued a cautionary note to investors and policymakers.
As the shekel begins a climb from recent lows, analysts anticipate interest cuts upcoming, even as early as the end of November.