Iran expert Beni Sabti said that high prices and inflation are forcing Iranians to sell their organs and sometimes even their children.
Pakistan's inflation rate jumped to 35.4% in March 2023—the highest it has been in almost 50 years.
If Israel's credit rating drops, Israel can expect a higher interest rate on short-term loans and inflation.
When strict sanctions were imposed on Russia at the start of its invasion of Ukraine, the Russian economy was expected to plunge by some 10-15% during 2022.
The inflation number was the highest ever year-on-year increase recorded by the statistics bureau since monthly records began in the 1970s.
The increase in the CPI was driven by significant price increases in several sectors, including fresh produce, culture and entertainment, food, transportation and miscellaneous.
Workers will get an 11% raise over the next four years, reduced working hours and a one-time grant
Inflation is another factor pushing up rents, with a clear pattern of substantial rent increases emerging.
Finance Minister Bezalel Smotrich can keep claiming that the reform strengthens the economy, but it's very difficult to dispute current financial figures.
Finance minister: “The daycare centers will not be more expensive for parents by one shekel, we will absorb the costs."
JPOST Digital Library
