inflation

Under the plan, loan payments of mortgages, consumer credit and business credit would be deferred without charging interest and without charging fees.

Shufersal said it had canceled a deal with SPAR to set up a network of the Dutch food retail chain's stores in Israel, citing regulatory restrictions.

In spite of this data, Finance Minister Bezalel Smotrich said, "Israeli economy is showing relative resilience and stability."

There’s still no telling when the interest rate will decline, experts note.

While a potential slowdown in economic activity is expected, the notable wage increases and shekel devaluation are set to have serious repercussions on the Israeli inflation rate.

"Even tomatoes need a vacation...we are unable to add tomatoes to our food," read notices posted at two Burger King India outlets.

Higher nominal wages indicate continuing inflation within Israel, which could lead to further counter-inflationary action from the Bank of Israel.

According to the BoI’s latest report, judicial reform and inflation rate adjustments are the primary factors that can significantly impact Israel’s risk premium.

A stationary CPI may be a signal that the bank’s efforts to mitigate inflation are working — assuming the shekel and Israel’s political stability don’t crumble.

US consumer prices are expected on Wednesday to show headline inflation slowed to its lowest since early 2021 at 3.1%, down from 9.1% a year earlier.