Inflation

Israel against the current

While the world talks about interest rate hikes, Israel returns to rate cuts

Matan Shitrit, Chief Economist at Phoenix Financial
Matan Shitrit, Chief Economist at Phoenix Financial

Israel’s inflation dynamics remain under control

 A participant stands near a logo of the World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018

World Bank warns of 16% rise in commodity pricing over Hormuz closure

"the U.K. economy is likely to face continued inflationary pressure amid persistent uncertainty from the U.S.-Iran conflict affecting global energy markets."

UK inflation hits 3.3% as middle east conflict drives fuel prices


Israeli apartment rents rising at fastest rate since 2008

Inflation is another factor pushing up rents, with a clear pattern of substantial rent increases emerging.

 A sign reading "for rent" outsdie a former shop in central  Tel Aviv, on August 26, 2020

Israeli citizens will pay the price for judicial reform - analysis

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 Bezalel Smotrich holds a press conference with bereaved families at the Israeli Finance Ministry in Jerusalem on January 8, 2023.

Smotrich unveils Israel's state budget, economic plan to fight inflation

Finance minister: “The daycare centers will not be more expensive for parents by one shekel, we will absorb the costs."

 Israeli Finance Minister Bezalel Smotrich at a conference of the Religious Zionist Party, in Jerusalem, February 19, 2023.

Israeli NGOs turn to philanthropy as funding requests soar

Charities increase requests to NGOs by 37% in the past three months

 A graph illustrating the gap between Israeli and US stock market prices in 2022-23

BoI hikes interest rate by 0.50% 0 a 15-year high; is it the right move? - analysis

Is the BoI making the right call in using yet another interest rate increase to handle Israel's inflation?

 A graph illustrating the gap between Israeli and US stock market prices in 2022-23

Voices from the Arab press: What about the Syrian victims?

A weekly selection of opinions and analyses from the Arab media around the world.

 RESCUE WORKERS search for earthquake survivors among the rubble in Latakia Province, Syria, Feb. 7.

2023 will be a challenging year with rising inflation, bank officials fear

CEO of Mercantile Bank Shuki Bernstein: There's a continuation of half price increases in all economic areas.

Mercantile Bank seen in Ramat Hasharon.

Steve Forbes discusses his new book – and Israel

Forbes, a longtime friend of the nation of Israel, shared his thoughts as to how Israel – a modern miracle as a hi-tech center of the world – has tackled inflation.

 Writer Joseph Scutts with Steve Forbes in Manhattan

Earthquake to impact Turkey’s already hard-hit economy, analysts say

Ankara quickly appeals for international assistance as the death toll from the earthquake that devastated Turkey climbs.

 Turkey earthquake – a glimpse of the ECHO assessment

Iran's economy: World's 11th-largest GDP is strong but in crisis

Iran is home to strong universities, advanced technology, and innovative start-ups. And a giant economy and population, whose size alone makes it formidable. 

 People at a co-working space in Tehran.