Inflation
Middle East economy to shrink 2.1% in 2026, Gulf economies by 4.3%, World Bank forecasts
Despite grim forecasts, the World Bank projects regional economies could rebound by 7.8% in 2027 if the conflict ends this year, though the Hormuz blockade and inflation remain major threats.
OECD cuts Turkish economic growth forecast to lowest rate since 2020 amid Iran war, rising prices
Renewed Middle East tensions send Brent Crude above $100
Iranian Rial hits record low as economic fallout from war takes hold - report
Despite CPI rise by 0.3%, the future of Israel’s inflation is uncertain
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.
Burger King says tomatoes on 'vacation' as India battles food inflation
"Even tomatoes need a vacation...we are unable to add tomatoes to our food," read notices posted at two Burger King India outlets.
Wages in Israel have increased since last year — and that’s bad
Higher nominal wages indicate continuing inflation within Israel, which could lead to further counter-inflationary action from the Bank of Israel.
Bank of Israel warns: Economy at risk, judicial reform to blame
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.
Israel’s June CPI: Are Bank of Israel’s counter-inflation measures paying off?
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.
Traders hold for US data as China disinflation risk drags
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.
Bank of Israel decides not to raise interest rate, for now
Bank of Israel governor: "We are still in an environment of great uncertainty."
Israeli watchdog seeks data from banks in interest rate probe
Israel's aggressive policy-tightening cycle has sparked anger among its citizens as mortgage, loan payments and the cost of living have soared, with inflation staying around 5%.
Germany enters recession after economy contracts slightly in first quarter
The first estimate had shown GDP stagnating in the first quarter and Germany skirting a recession. However, it contracted following a contraction in 2022.
Israeli Consumer Price Index rises 0.8%, almost double the forecast
A series of Israeli companies and importers have announced significant price hikes in recent weeks.
